'Everyone Thinks Trump Is Our Friend—He's Not': Mark Yusko Exposes Crypto Reality
View original at finance.yahoo.com'Everyone Thinks Trump Is Our Friend—He's Not': Mark Yusko Exposes Crypto Reality Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below…
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Bitcoin only reached $126,000 versus fair value around $90,000—just 35% above fair value versus 2x in prior cycles, meaning less upside and less downside
80% confidenceBitcoin targets $63,000 as bottom
80% confidenceThe four-year Bitcoin cycle (actually 3 years 11 months based on Bitcoin blocks) stays intact with trough arriving around September 30-October 1, 2026
80% confidencePrevious Bitcoin cycles saw falls of 84% and 75% from peaks
80% confidenceBrian Armstrong was labeled public enemy number one by Wall Street for fighting the Clarity Act
80% confidenceTreasury Secretary Scott Bessent and others are working with Cantor Fitzgerald and Tether on clandestine initiatives to preserve dollar hegemony and prevent China's yuan from becoming world reserve currency
80% confidenceEthereum has better odds than competitors despite higher costs and slower speeds because it has more developers, more activity, and more infrastructure already built
80% confidenceThe current version of the Clarity Act is a non-starter that takes crypto down the path of CBDCs, centralization, and control
80% confidenceInstitutions like Millennium buy Bitcoin ETFs but short futures to remain market neutral, suppressing prices
80% confidencePresident Trump has a whole different agenda for crypto focused on preserving dollar dominance, not helping crypto
80% confidenceBitcoin will reach $600,000-$700,000 by September 2029
80% confidenceBitcoin bottoms around $58,000-$63,000 in September 2026
80% confidenceA short squeeze is coming that will drive Bitcoin prices higher, similar to what drove gold from $2,000 to $5,000
80% confidenceIf gold settles at $30 trillion market cap and Bitcoin achieves gold equivalence at $15 trillion, that reaches $750,000 per Bitcoin at 10x current levels
80% confidenceJP Morgan made $20 billion from gold market spoofing while only paying $960 million in fines, treating it as cost of doing business
80% confidence