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Crypto vs. Dollar

📌 Bitcoin (BTC) price could exceed $150,000, Yusko predicts.

The price of bitcoin (BTC), the largest cryptocurrency, could jump to $150,000 this year, according to US investor and hedge fund manager Mark Yusko. Bitcoin

– The price of bitcoin (BTC), the largest cryptocurrency, could jump to $150,000 this year, according to US investor and hedge fund manager Mark Yusko.

Currently, the price of this major cryptocurrency sits just above the $70,000 mark.

In a recent interview with CNBC, this hedge fund manager called cryptocurrencies a superior form of gold and explained his bullish stance.

Mr. Yusko is confident that the price of cryptocurrencies could eventually rise well above $150,000. Moreover, he predicts that the value of the main coin will reach US$700,000 by the end of the next decade.

“Investors’ bullish statements in favor of bitcoin seem to be largely based on the halving event that is set to take place next month.

The bitcoin coin has already experienced a strong rally following the approval of several spot-listing funds earlier this year, but Yusko believes there will be an even bigger rally following the halving event.

He noted that historical data shows that bitcoin prices typically peak a few months after an event, and said we should expect fireworks before the end of 2024.

Mr. Yusko has long been a bitcoin “bull”. For example, back in 2019, he predicted that the price of the largest cryptocurrency could hit the $400,000 mark.

In 2021, he said that a bitcoin price of $250,000 would put it “on par with gold.”

At the beginning of March this year, the value of the largest cryptocurrency reached $1.4 trillion, overtaking silver in terms of market capitalization. However, it still has a long way to go to catch up with the yellow metal.

Cryptocurrencies have yet to overtake such large companies as Alphabet and Apple in terms of market capitalization.

Bitcoin

Bitcoin

$64,986.61

BTC 1.78%

Ethereum

Ethereum

$3,157.61

ETH 3.26%

Binance Coin

Binance Coin

$571.13

BNB 3.05%

XRP

XRP

$0.53

XRP 4.60%

Dogecoin

Dogecoin

$0.16

DOGE 4.18%

Cardano

Cardano

$0.51

ADA 8.17%

Solana

Solana

$151.15

SOL 6.05%