Bitcoin's price has surged over 60% since the beginning of the year, reaching a new all-time high of nearly $74,000. This impressive milestone comes ahead of the cryptocurrency's fourth halving for the first time ever. As the halving approaches, bullish predictions continue to rise, with Morgan Creek Capital Management's CEO and CIO Mark Yusko outlining a $150,000 price target for 2024.

Yusko attributes Bitcoin's yearly rise to the launch of spot Bitcoin ETFs in the US in January, which have seen massive demand from investors. He believes there is still more room for growth, especially given the upcoming halving in late April. Historically, the price peak occurs about nine months after the halving, leading Yusko to predict a potential 10x increase in Bitcoin's price against the dollar over the next decade, reaching around $700,000.

Yusko is not alone in his $150,000 prediction for 2024, with Fundstrat's Tom Lee and British multinational banking giant Standard Chartered also forecasting similar price levels for Bitcoin due to its appeal to Millennials and Gen Z.