Hedge Fund Veteran Mark Yusko Says Bitcoin FOMO Incoming As BTC Completes Halving – Here’s When

Veteran hedge fund manager Mark Yusko believes that Bitcoin is about to experience a surge of FOMO (fear of missing out) from market participants. Yusko, who is the founder of Morgan Creek Capital, spoke at the Bitcoin Investor Day, stating that Bitcoin’s recent halving event has increased its fair value from $50,000 to approximately $80,000. He suggests that sidelined traders and investors will rush to buy Bitcoin once it starts rallying towards this new fair value. Yusko also believes that FOMO has not yet commenced, citing the low search activity for Bitcoin on Google as evidence. He predicts that once FOMO sets in and there is increased adoption from major institutions, such as Bank of America and Merrill Lynch, the price of Bitcoin will reach new levels. Currently, Bitcoin is trading at $65,246, representing a 2.38% increase in the last 24 hours.