Posted 3/29/2024, 7:04:20 AM
Bitcoin Price Could Triple to $150,000, Says Morgan Creek Capital CEO
- Bitcoin could triple from current fair value of $50,000 or double from post-halving fair value of $75,000, per Morgan Creek Capital CEO Mark Yusko
- Yusko predicts Bitcoin peak of $150,000 about 9 months after May 2020 halving event
- Halving cuts miner rewards in half, increasing demand vs supply and pushing price up
- FOMO interest normally takes Bitcoin to 2x fair value at cycle peak
- Previous cycle saw $30,000 fair value and $69,000 peak; this cycle has higher fair value basis
