Posted 4/2/2024, 12:05:00 AM
Bitcoin Price to Surge to $150K by 2024, Predicts Morgan Creek's Yusko, Driven by Halving and Spot ETF Demand
- Mark Yusko, CEO of Morgan Creek Capital Management, predicts Bitcoin will reach $150,000 in 2024
- He believes the upcoming Bitcoin halving in April 2024 will drive up prices due to increased mining costs and investor demand
- Yusko cites factors like FOMO from investors for the predicted price spike post-halving
- He also expects demand for Spot Bitcoin ETFs to surge after halving as new supply decreases
- Yusko forecasts Bitcoin could hit its peak price for this cycle by December 2024, about 9 months after the halving event
