📰 Table Of Contents
Mark Yusko Predicts Bitcoin Price Could Reach $150,000
Morgan Creek Capital CEO Mark Yusko predicts that the price of one Bitcoin (BTC) could reach $150,000 by the end of the year, more than double its current price.
Bitcoin’s Fair Market Value
In an interview with CNBC’s Fast Money, Yusko argued that Bitcoin’s fair market value is currently $50,000, based on Metcalfe’s law.
Yusko’s Math-Based Bitcoin Prediction
After factoring in the upcoming Bitcoin ‘halving’ and increased transaction fees from Ordinals NFTs, the price projection rises to $75,000. Based on historical trends, Yusko believes the asset could reach $150,000 over the next 12 months.
Post-Halving Movement
Yusko anticipates a significant price movement post-halving, with a potential peak around Thanksgiving or Christmas, before the next bear market.
Similar Predictions
Yusko’s prediction aligns with that of Fundstrat analyst Tom Lee, who also set a $150,000 end-of-year price target, citing major bullish catalysts such as the halving and the introduction of U.S. Bitcoin spot ETFs.
Bitcoin Dominance and Investment Strategy
Yusko emphasizes Bitcoin as the dominant token and recommends a 1% to 3% Bitcoin allocation in investment portfolios, believing in its potential to rise significantly.
Investment Opportunities Beyond Bitcoin
Yusko suggests that Bitcoin mining firms could be a good investment, along with other cryptocurrencies like Ethereum, Solana, and Avalanche.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
