🚀 Here’s How Bitcoin (BTC) Can Reach $150,000 This Year: Hedge Fund Manager 📈
📈 Bitcoin’s price has surged by over 60% since the year began, breaking its 2021 all-time high to reach nearly $74,000. What’s remarkable is that this peak occurred before the fourth halving for the first time ever. 🚀
💼 Morgan Creek Capital Management’s CEO and CIO, Mark Yusko, predicts a $150,000 price target for Bitcoin in 2024. He attributes Bitcoin’s dominance to its advantages over other cryptocurrencies and its comparison to gold. 💰
📈 Yusko credits the launch of spot Bitcoin ETFs in the US for driving BTC’s surge, with significant demand from investors. He anticipates further growth, especially after the upcoming halving in late April, expecting a more parabolic rise towards the year-end. 📉
🔮 Looking ahead, Yusko foresees BTC potentially increasing its value against the dollar by 10x over the next decade, potentially reaching around $700,000 per Bitcoin. 💸
💬 Other notable figures, including Fundstrat’s Tom Lee and Standard Chartered analysts, also predict a $150,000 price tag for Bitcoin in 2024. This bullish sentiment is fueled by Bitcoin's appeal to Millennials and Gen Z, as well as increasing institutional adoption. 📈
