{"id":600762,"date":"2024-04-02T00:05:13","date_gmt":"2024-04-02T00:05:13","guid":{"rendered":"https:\/\/wncen.com\/?p=600762"},"modified":"2024-06-11T08:17:13","modified_gmt":"2024-06-11T08:17:13","slug":"when-bitcoin-price-150000","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/when-bitcoin-price-150000\/","title":{"rendered":"Hedge Fund Manager Predicts When Bitcoin Price Will Reach $150,000"},"content":{"rendered":"

Founder and Chief Executive Officer (CEO) of Morgan Creek Capital Management, <\/span>Mark Yusko<\/span><\/a> has predicted a massive price increase for Bitcoin during the <\/span>2024 bull cycle<\/span><\/a>. Emphasizing\u00a0 <\/span>Bitcoin\u2019s immense potential<\/span><\/a>, the hedge fund manager has crowned it as the unrivaled \u201cKing\u201d among digital assets.<\/span><\/p>\n

$150,000 Price Target Set For BTC<\/h2>\n

Appearing in a recent interview with CNBC Television on March 27, Yusko <\/span>shared a bold forecast<\/span><\/a> of Bitcoin, predicting that the cryptocurrency will see a significant rise to $150,000 in 2024.\u00a0<\/span><\/p>\n

When asked why he believes the cryptocurrency would have such an astronomical price increase, Yusko cited the impacts of the upcoming Bitcoin halving and <\/span>Spot Bitcoin Exchange Traded Fund (ETF)<\/span><\/a>, on the price of BTC. The hedge fund manager has revealed that historically after a BTC halving cycle is completed, the fair value of the cryptocurrency rises.\u00a0<\/span><\/p>\n

Related Reading: Dogecoin Price Breaks New 3-Year High \u2013 Here Are Factors That Could Drive The Price To $1<\/a><\/div>\n

He explained that when the <\/span>upcoming 2024 Bitcoin halving occurs in April<\/span><\/a>, BTC miners will face challenges, with transaction fees poised to soar, consequently driving a price increase to $75,000.\u00a0<\/span><\/p>\n

After the Bitcoin halving event<\/span><\/a>, the cryptocurrency is expected to surge two times its fair value to $150,000. The hedge fund manager cited factors like <\/span>increased interest from investors<\/span><\/a> and Fear of Missing Out (FOMO) as triggers for this price spike.\u00a0<\/span><\/p>\n

Yusko also revealed that after the Bitcoin halving, there would be a surge in demand for Spot Bitcoin ETFs, while the <\/span>supply of new coins would decrease<\/span><\/a> from 900 BTC to 450 BTC a day.\u00a0 <\/span>\u201cIf there\u2019s more demand than supply, price has to rise,\u201d the hedge fund manager stated.\u00a0<\/span><\/p>\n

The investment management CEO has expressed a strong belief in BTC’S<\/span>\u00a0value<\/span><\/a> as one of the world\u2019s leading digital assets. He envisions the cryptocurrency \u201ceasily\u201d skyrocketing by 10x over the next decade.\u00a0<\/span><\/p>\n

\u201cBitcoin is the king, it is the dominant token. It is a better form of gold or digital property. And I do think it will be the best,\u201d Yusko said.\u00a0<\/span><\/p>\n

Bitcoin Price Top Expected By Year\u2019s End<\/h2>\n

During his interview, Yusko predicted that <\/span>Bitcoin<\/span> could reach its peak price value by the end of 2024. The hedge fund manager disclosed that historically, nine months after a Bitcoin halving event, sometime in December, BTC undergoes a <\/span>surge to its peak value<\/span><\/a> before entering the next bear market.\u00a0<\/span><\/p>\n

Related Reading: Shiba Inu Dips Below $0.00003 Again \u2013 Can Bulls Reverse The Bullish Momentum?<\/a><\/div>\n

During this time, the investment management CEO has stated that smaller crypto projects could potentially experience substantial increases, surpassing the gains witnessed by BTC. He disclosed several <\/span>altcoins<\/span><\/a> and investment assets that his company, Morgan Creek Capital Management, typically buys and HODLs, including <\/span>Solana<\/span><\/a>, Avalanche and <\/span>Coinbase.<\/span><\/a><\/p>\n

\"Bitcoin<\/p>\n

BTC bulls and bears vie for control | Source: BTCUSD on Tradingview.com<\/a><\/pre>\n
Featured image from Crypto News, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Founder and Chief Executive Officer (CEO) of Morgan Creek Capital Management, Mark Yusko has predicted a massive price increase for Bitcoin during the 2024 bull cycle. Emphasizing\u00a0 Bitcoin\u2019s immense potential, the hedge fund manager has crowned it as the unrivaled \u201cKing\u201d among digital assets. $150,000 Price Target Set For BTC Appearing in a recent interview with CNBC Television on March 27, Yusko shared a bold forecast of Bitcoin, predicting that the cryptocurrency will see a significant rise to $150,000 in 2024.\u00a0 When asked why he believes the cryptocurrency would have such an astronomical price increase, Yusko cited the impacts of the upcoming Bitcoin halving and Spot Bitcoin Exchange Traded Fund (ETF), on the price of BTC. The hedge fund manager has revealed that historically after a BTC halving cycle is completed, the fair value of the cryptocurrency rises.\u00a0 Related Reading: Dogecoin Price Breaks New 3-Year High \u2013 Here Are Factors That Could Drive The Price To $1 He explained that when the upcoming 2024 Bitcoin halving occurs in April, BTC miners will face challenges, with transaction fees poised to soar, consequently driving a price increase to $75,000.\u00a0 After the Bitcoin halving event, the cryptocurrency is expected to surge two times its fair value to $150,000. The hedge fund manager cited factors like increased interest from investors and Fear of Missing Out (FOMO) as triggers for this price spike.\u00a0 Yusko also revealed that after the Bitcoin halving, there would be a surge in demand for Spot Bitcoin ETFs, while the supply of new coins would decrease from 900 BTC to 450 BTC a day.\u00a0 \u201cIf there\u2019s more demand than supply, price has to rise,\u201d the hedge fund manager stated.\u00a0 The investment management CEO has expressed a strong belief in BTC’S\u00a0value as one of the world\u2019s leading digital assets. He envisions the cryptocurrency \u201ceasily\u201d skyrocketing by 10x over the next decade.\u00a0 \u201cBitcoin is the king, it is the dominant token. It is a better form of gold or digital property. And I do think it will be the best,\u201d Yusko said.\u00a0 Bitcoin Price Top Expected By Year\u2019s End During his interview, Yusko predicted that Bitcoin could reach its peak price value by the end of 2024. The hedge fund manager disclosed that historically, nine months after a Bitcoin halving event, sometime in December, BTC undergoes a surge to its peak value before entering the next bear market.\u00a0 Related Reading: Shiba Inu Dips Below $0.00003 Again \u2013 Can Bulls Reverse The Bullish Momentum? During this time, the investment management CEO has stated that smaller crypto projects could potentially experience substantial increases, surpassing the gains witnessed by BTC. He disclosed several altcoins and investment assets that his company, Morgan Creek Capital Management, typically buys and HODLs, including Solana, Avalanche and Coinbase. BTC bulls and bears vie for control | Source: BTCUSD on Tradingview.com Featured image from Crypto News, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":600782,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,656,679,6848,1119,89185,1122,17066,1144,78790],"class_list":["post-600762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-bitcoin-price-prediction","tag-btc","tag-btc-news","tag-btc-price","tag-btc-price-prediction","tag-btcusd","tag-btcusdt"],"acf":[],"yoast_head":"\nHedge Fund Manager Predicts When Bitcoin Price Will Reach $150,000<\/title>\n<meta name=\"description\" content=\"Founder and CEO of Morgan Creek Capital Management, Mark Yusko has predicted a massive 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Hedge Fund Manager Predicts When Bitcoin Price Will Reach $150,000","url":"http:\/\/wncen.com\/news\/when-bitcoin-price-150000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/when-bitcoin-price-150000\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/Bitcoin.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/Bitcoin.jpeg?fit=6000%2C4000"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin news","bitcoin price","bitcoin price prediction","btc","btc news","btc price","btc price prediction","btcusd","btcusdt"],"dateCreated":"2024-04-02T00:05:13Z","datePublished":"2024-04-02T00:05:13Z","dateModified":"2024-06-11T08:17:13Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Hedge Fund Manager Predicts When Bitcoin Price Will Reach $150,000\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/when-bitcoin-price-150000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/when-bitcoin-price-150000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/Bitcoin.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/Bitcoin.jpeg?fit=6000%2C4000\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"bitcoin price prediction\",\"btc\",\"btc news\",\"btc price\",\"btc price prediction\",\"btcusd\",\"btcusdt\"],\"dateCreated\":\"2024-04-02T00:05:13Z\",\"datePublished\":\"2024-04-02T00:05:13Z\",\"dateModified\":\"2024-06-11T08:17:13Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/Bitcoin.jpeg?fit=6000%2C4000","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/600762"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=600762"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/600762\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/600782"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=600762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=600762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=600762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}