Mark Yusko Halving Predict: BTC Will See $150K By Year-End, Hedge Fund Manager Says

Crypto News – It seems like Bitcoin’s incredible year is just getting started, according to hedge fund manager Mark Yusko.

Mark Yusko Halving Predict: BTC Will See $150K By Year-End, Hedge Fund Manager Says

The CEO of Morgan Creek Capital Management, who referred to the coin as the dominant token and an improved version of gold, was generally optimistic about its price in an interview with CNBC. 

Post-halving, you get a lot of interest in the asset, a lot of people FOMO in, and we normally go to about two-times fair value in the cycle,

Yusko

With the halving helping, but transaction costs from Ordinals and inscriptions dragging it down from a possible worth of $100,000, Yusko estimated the fair value in this cycle to be about $75,000.

This time I think probably two-times ($75,000) because there’s less leverage, so that gets us to $150,000.

Yusko

Price Increase Likely to Happen 9 Months After Halving

The halving is now scheduled for April 20. According to Yusko, the price increase will occur around nine months after that date.

Once that occurs, then you start to get an increase in demand but the supply of new coins goes from 900 a day to 450. It starts to become more parabolic toward the end of the year, and historically about nine months after the halving…we see the peak in price before the next bear market.

Yusko