Bitcoin’s price has been up by more than 60% since the start of the year and it already broke its 2021 all-time high of $69,050 and charted a new one of almost $74,000. What’s most impressive about this milestone is that the latest peak came ahead of the fourth halving for the first time ever.
With just a month left until BTC’s production is sliced by half, the number of bullish predictions keeps rising, and the latest to outline $150,000 as the price target for 2024 is Morgan Creek Capital Management’s CEO and CIO – Mark Yusko.
BTC at $150K This Year?
When speaking to CNBC’s Fast Money, Yusko highlighted Bitcoin’s benefits over other cryptocurrencies but also its merits when compared to gold.
“Bitcoin is the king. It is the dominant token. It is a better form of gold.”
In Yusko’s opinion, the spot Bitcoin ETFs in the States, which saw the light of day in January, are the primary factor behind BTC’s yearly rise. Indeed, the financial products have seen massive dem
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