Hedge fund veteran Mark Yusko believes Bitcoin (BTC) could triple in price in the coming months.
Fair Value and Halving
According to Yusko, Bitcoin’s fair value is estimated at $50,000 based on network effects. The upcoming halving, scheduled for April 20-21, will cut block rewards for miners. This has historically led to price increases, potentially pushing Bitcoin’s fair value to $100,000.
Post-Halving Surge
Yusko predicts a surge in interest and FOMO (fear of missing out) after the halving. This could drive the price to twice its fair value, or around $150,000.
Bull Cycle Peak
Yusko believes the peak of the bull cycle will occur approximately nine months after the halving, around Thanksgiving or Christmas. This is based on historical trends that have seen price surges during this period.
