Mark Yusko Predicts Bitcoin to Reach $150,000: Insights and Analysis

Mark Yusko, a hedge fund manager, believes that the price of bitcoin will more than double to $150,000 this year.
This week, the CEO and chief investment officer of Morgan Creek Capital Management told CNBC’s “Fast Money,” “Get off zero.”
Yusko believes that investors’ portfolios ought to include between 1% and 3% of bitcoin. “The king is Bitcoin. It is the most widely used token. It’s a superior variety of gold,” he declared.
By Thursday’s close of the stock market, bitcoin had increased by roughly 159% in the previous year. Although it had crossed over the $73,000 mark earlier in March, it was only trading at about $70,700 on Thursday night.
Enter the law of large numbers. Yusko continued, “I think it can easily go up 10 times from here over the next ten years.
He cites the January introduction of bitcoin exchange-traded funds as a key factor supporting the cryptocurrency’s bull run. Yusko believes that another round of significant tailwinds for the leading cryptocurrency will come from a supply shock caused by the halving of bitcoin.
It is anticipated that in late April, the bitcoin mining reward will be halved, limiting its supply.
According to Yusko, “the big move happens post-halving.” The closer the year gets to the end, the more… parabolic it becomes. Additionally, the price peaks before the next bear market typically occur nine months after the halving, around Thanksgiving or Christmas.