Mark Yusko Says ‘Parabolic Blow-Off Top’ Coming for Bitcoin After $300,000,000,000 in Institutional Money Arrives - The Daily Hodl

• Mark Yusko, founder of Morgan Creek Capital, predicts a parabolic rise for Bitcoin (BTC) due to institutional capital inflow.
• Yusko believes that Bitcoin tends to add a zero to its price after each halving process, with the next one scheduled for April 2024.
• He suggests that BTC could see a 1.5x increase from its all-time high, reaching a fair value of $100,000.
• Yusko expects Bitcoin exchange-traded funds (ETFs) to be approved by the end of 2023 or the start of 2024, leading to a significant influx of capital.
• He estimates that $300 billion worth of capital could flow into Bitcoin once a spot-based ETF is approved.
• The majority of Bitcoin's supply is either dormant or held by long-term holders, which could further drive up its price.

The sentiment of the article is positive, as it highlights the potential for a parabolic rise in Bitcoin's price due to institutional capital inflow and the approval of ETFs.