This Thanksgiving Will Be 'Greatest Bitcoiners Have Ever Experienced,' Says Mark Yusko

Veteran investor Mark Yusko sees signs of impending institutional adoption that could drive the next bull run, as Bitcoin BTC/USD prices consolidate below $60,000.

What Happened: In an interview with Scott Melker, Mark Yusko echoed Paul Revere‘s famous warning "The institutions are coming."  He predicts major inflows from financial advisors and wealth managers could bring $300 billion into Bitcoin in the coming months.

However, Yusko cautions that current ETF inflows may not represent true demand. He believes many large players are exploiting the spread between spot and futures prices rather than taking long-term positions.

"What’s coming in now are literally Millennium, Citadel, Sovereign Wealth, all these people who are doing this structured trade," he highlighted.

Yusko remains bullish on Bitcoin’s long-term prospects, calling it "the most valuable network the world has ever seen." He predicts prices could easily reach six figures by early next year, potentially hitting $120,000-$150,000.

Also Read: Donald Trump’s Pro-Bitcoin Stance Influenced Ethereum ETF Approval, Analyst Posits

Why It Matters: Yusko also addressed concerns about government control of cryptocurrencies, praising Bitcoin’s decentralized nature. “There is no leader for them to arrest,” he noted, contrasting it with more centralized projects.

Looking ahead, Yusko anticipates this Thanksgiving will be “the greatest Bitcoiners have ever experienced” as mainstream interest surges. He expects the run from November to March/April to be particularly strong.

While acknowledging short-term headwinds, Yusko remains confident in Bitcoin’s revolutionary potential. “We built better financial rails,” he concluded, predicting crypto will reshape global finance over the next two decades despite regulatory challenges.

What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.

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