Key Points
- Hedge fund manager Mark Yusko forecasts a Bitcoin price of $150,000 by the end of the year, driven by the halving event.
- Yusko’s fund invests about 20% in liquid tokens, with a preference for Ethereum, Solana, and Avalanche, despite Bitcoin being the “king”.
Mark Yusko, a hedge fund manager, has expressed optimism about the future price of Bitcoin.
In a recent CNBC interview, the CEO of Morgan Creek Capital Management described Bitcoin as “the dominant token” and “a superior form of gold.”
Bitcoin’s Potential Growth
Yusko stated that the halving event often sparks a surge of interest in Bitcoin. He believes the fair value of Bitcoin in this cycle is around $75,000. This value is enhanced by the halving but is lower than the potential $100,000 due to transaction fees.
He further predicted that the price of Bitcoin could reach $150,000, due to reduced leverage. Yusko anticipates this price increase to occur about nine months after the halving.
Investment Strategy
Yusko revealed that his fund only invests approximately 20% in liquid tokens. He also mentioned that related stocks and companies are currently a harder sell than the underlying assets.
He expressed concerns about the valuation levels of Bitcoin mining companies and manufacturers of mining components. Despite this, Yusko showed a preference for Ethereum, Solana, and Avalanche, while still acknowledging Bitcoin’s reign.
