Morgan Creek CEO Mark Yusko Predicts “Summer of Cryptocurrencies” Starting This May

Bitcoin and Ethereum Expected to Benefit as Liquidity Wave Hits Cryptocurrency Market

The founder and CEO of cryptocurrency fund management firm Morgan Creek Digital, Mark Yusko, expressed the view that in a few weeks the cryptocurrency market will start to see a price rise, what he calls “the summer of cryptocurrencies”.

- Advertisement -

Early May

In an interview with Blockworks Macro, Yusko pointed out that the “summer in cryptocurrencies” will begin in early May:

“I officially declare that three weeks from Tuesday (April 18), it will be the beginning of summer in cryptocurrencies. It happens to be my birthday, but this will be the official start of summer in cryptocurrencies.”

Huge increase in global liquidity

According to Yusko, the rise in cryptocurrency prices coincides with a huge increase in global liquidity:

“This summer in cryptocurrencies we will surf a wave of global liquidity. China has printed a trillion dollars since October and in Japan another two hundred billion. The Fed repatriated $300 billion on its balance sheet. We have $1.5 trillion of liquidity that is being constrained. It turns out that people buy things they like. And there’s a whole group of people who like cryptocurrencies. Bitcoin and Ethereum are the biggest beneficiaries. But the liquidity goes further down to the other cryptocurrencies.”

Bitcoin is setting record highs

As for Bitcoin (BTC), Yusko pointed out that the iconic cryptocurrency asset has set new record highs in a number of metrics, including adoption:

“Bitcoin’s hash rate is at a new all-time high. Number of wallets is at a new all-time high. Number of wallets with more than 0.1 Bitcoin at a new all-time high. The size and volume of transactions, not at an all-time high, but are back to being close.”

- Advertisement -

READ NEXT

Previous Articles:

- Advertisement -

Latest

Astar Network slashes staking rewards to tackle token inflation

Astar Network reduced its base staking rewards from 25% to 10% to combat token inflation.The changes have already reduced annual inflation rate from 4.86%...

NK’s Lazarus Group Targets Crypto Exec with Zoom Phishing Scheme

North Korea's Lazarus Group is escalating its crypto phishing tactics using fake Zoom calls, deepfakes, and Malware.Kenny Li, co-founder of Manta Network, recently experienced...

HashKey Capital Launches Asia’s First XRP Tracker Fund with Ripple

HashKey Capital has launched Asia's first XRP tracker fund with Ripple as an early investor.The fund will allow professional investors to gain exposure to...

Altcoins Set for Q2 2025 Resurgence as Regulations Improve: Sygnum

Swiss bank Sygnum predicts altcoins will rally in Q2 2025 due to improved cryptocurrency regulations.Market competition is intensifying with rising protocols like Toncoin, Sui,...

Cardano’s PoS Revolution: Greener Blockchain Without Compromising Security

Proof-of-Stake (PoS) systems offer energy efficiency advantages over traditional Proof-of-Work blockchain mechanisms.Validators in PoS systems are selected based on cryptocurrency holdings they pledge as...

Must Read

How to Choose a Cryptocurrency Exchange: Major Risks and Expert Advice

During the bitcoin frenzy, in late 2017, Coinbase, one of the key players in the global cryptocurrency market, stopped trading operations. At a point...