Morgan Creek Capital CEO Mark Yusko the president has warned Trump “has a very different agenda” for crypto, aimed at maintaining the dollar’s dominance and predicting it Bitcoin (CRYPTO: BTC) bottoms around $58,000-$63,000 in September.
The Trump Warning
Yusko told Altcoin Daily in an interview that despite appearances, Trump is not crypto’s friend.
“Everyone thinks the president is our friend, that is, our collective friend in crypto. That’s not the case. He has a completely different agenda,” Yusko said.
Yusko argued to the Minister of Finance Scott Bessant and others cooperate Cantor Fitzgerald And Tether about “clandestine affairs” aimed at preserving the hegemony of the dollar and preventing China’s vision of the yuan becoming the world reserve currency.
The Clarity Act brings danger. Yusko called the current version a “non-starter” that puts crypto on the path of CBDCs, centralization and control.
He praised Coin base (NASDAQ: MINT) CEO Brian Armstrong for challenging the bill, noting that Armstrong “was labeled public enemy number one by Wall Street.”
The bottom of the 3-11 cycle
Yusko remains confident that the four-year cycle – effectively three years and eleven months based on Bitcoin blocks – remains intact.
The cycle peaked on October 6, 2025, meaning the low will arrive around September 30 and October 1 this year.
Additionally, the technical targets point to $58,000-$63,000. In previous cycles, Bitcoin fell 84% and 75% from its peaks.
This time, Bitcoin only reached $126,000 versus the fair value of around $90,000 – just 35% above fair value versus 2x in previous cycles. Less advantage means less disadvantage.
Analyst Peter Brandt targets $63,000, while another technical model points to $58,000, which corresponds to the 200-week moving average.
Yusko’s Metcalfe’s Law model shows the current fair value at $81,000, down from $90,000 due to the hashrate shutdown and declining transaction volumes.
The manipulation of the futures market
Yusko explained how commodity futures suppress Bitcoin prices.
“Once you have a commodity, this bad thing can happen,” he said, describing how institutions like Millennium buy Bitcoin ETFs but buy short futures to remain market neutral.
The spoofing continues as JPMorgan paid $960 million in fines for rigging the gold markets, but made $20 billion in doing so. “The cost of doing business,” Yusko said.
The same dynamics are now affecting Bitcoin futures.
There will be a short squeeze.
When excess demand breaks through, shorts must provide cover at all costs.
This drove gold from $2,000 to $5,000 and silver’s parabolic move. “At some point it will happen again with Bitcoin,” Yusko said.
The next cycle goal
Yusko predicts that Bitcoin will reach $600,000-$700,000 by September 2029.
If gold settles at a market cap of $30 trillion, Bitcoin will reach gold equivalence at $15 trillion.
At 10x current levels, that’s $750,000.
For Ethereum (CRYPTO:ETH)Yusko sees better opportunities than competitors, despite higher costs and lower speeds.
More developers, more activity, and more infrastructure already built give ETH the advantage.
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