Mark Yusko’s Bold Prediction
Mark Yusko, CEO of Morgan Creek Capital Management, believes Bitcoin is poised for a massive price surge in the next bull cycle. He predicts that BTC will hit $150,000 by 2024.
Factors Driving the Price Increase
Yusko cites several factors that will contribute to Bitcoin’s price increase:
- Bitcoin Halving: The upcoming Bitcoin halving in 2024 will reduce the supply of new coins, driving up the price.
- Spot Bitcoin ETF: The approval of a Spot Bitcoin ETF will increase demand for BTC.
- Investor Interest and FOMO: As more investors recognize Bitcoin’s value, demand will outpace supply, leading to price increases.
Bitcoin’s Dominant Status
Yusko believes Bitcoin is the “king” of digital assets and has the potential to outperform other cryptocurrencies over the long term. He predicts that BTC will “easily” increase by 10x in the next decade.
Timeline for Price Peak
Yusko expects Bitcoin to reach its peak price by the end of 2024, approximately nine months after the halving event. During this time, smaller crypto projects may also experience significant gains.
Morgan Creek’s Investment Strategy
Morgan Creek Capital Management invests in various cryptocurrencies, including Solana, Avalanche, and Coinbase. Yusko believes these assets have the potential to outperform Bitcoin in the long run.
