Mark Yusko: Bullish trend in the crypto market will begin in June

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The CEO of investment firm Morgan Creek Capital believes that the "crypto summer" is likely to begin in mid-June.

Mark Yusko, in an interview with Blockworks , stated that his previous predictions about the beginning of a bull run in the cryptocurrency market were a bit premature:

"It was my birthday on April 18.crypto summer that we will get a crypto equinox and this will be my birthday gift.I think the statement was premature Maybe it will happen on June 15."

Yusko recalled that bitcoin fell from almost $60,000 to $27,000 in 2022.

"And you know, I think we need good news to get new momentum," he saysCEO of Morgan Creek.

In March, Mark Yusko lamented that about 80% of all bitcoins are concentrated outside the United States, and only about 20% of the first cryptocurrency remains in the possession of Americans.The businessman stressed that even if US citizens did not invest in BTC, it would not interfere with its daily functioning. 

Previously, Bits.media published a detailed analysis of what to expect from the crypto market in 2023.