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🔥💥Yusko Predicts Bitcoin (BTC) Price Could Reach $150,000
The price of Bitcoin (#BTC ), the largest cryptocurrency, could potentially rise to $ 150,000 this year, according to American investor and hedge fund manager #markyusko
During a recent interview with CNBC, the hedge fund manager touted the cryptocurrency as a superior form of gold while explaining his bullish expectation. Yusko believes that the price of the cryptocurrency could rise well above $ 150,000. In fact, he estimated that the flagship coin could be worth up to $700,000 by the end of the next decade. It seems that the investor's bullish expectation for Bitcoin is largely based on the halving event, which is expected to take place next month. Although the pioneer coin saw a big rise after the approval of various spot exchange-traded funds earlier this year, Yusko believes that a bigger rise will occur after the halving event.
He pointed out that according to historical data, the Bitcoin price tends to peak months after the event, which means that some fireworks are expected by the end of 2024.
Yusko has been a Bitcoin bull for a long time. For example, he predicted that the price of the largest cryptocurrency could reach up to $ 400,000 in 2019. he said that it will be the monetary value of the "gold equivalent" of the Bitcoin price reaching $ 250,000 in 2021. Earlier this March, the largest cryptocurrency overtook silver by market capitalization after its valuation reached $1.4 trillion. But he still has a long way to go until he catches the yellow metal. The cryptocurrency has not yet surpassed major companies such as Alphabet and Apple in terms of market capitalization.
