The growth of bitcoin after halving will become "parabolic" and will allow the price to reach $150,000 by the end of the year. This forecast was given by Morgan Creek Capital CEO Mark Yusko on CNBC.
The top manager called the first cryptocurrency the "dominant token" and "the best form of gold."
"After halving, interest in the asset will increase — many will enter FOMO mode. We should see a twofold increase in fair value. In the current cycle, it is ~ $75,000 with adjustments down from $100,000 due to transactions related to "labels". [...] Thus, we get $150,000," Yusko shared his calculations.
https://forklog.com/exclusive/kakoj-budet-tsena-bitkoina-posle-halvingaAccording to the expert's forecasts, after the halving expected approximately on April 20, bitcoin's growth will continue in the next nine months.
"As soon as this happens, demand will start to grow, but the daily supply of new coins will decrease from 900 to 450. Towards the end of the year, the dynamics will become more parabolic. Historically, about nine months after the event, the market will form a price peak before the next bear market," explained the CEO of Morgan Creek Capital.
Regarding the long-term prospects, the expert said that the first cryptocurrency "could easily" rise in price tenfold over the next decade. He explained the expectations by "the operation of the law of large numbers."
Separately, the top manager said that the hedge fund he manages likes Ethereum, Solana, Avalanche, although they are inferior to the "bitcoin king". He recommended that traditional investors allocate 1-3% of their capital to invest in an asset. The firm invests about 20% of its capital in altcoins.
In conclusion, CEO Morgan Creek called the estimates of companies like AMD and Nvidia "difficult to digest."
Recall that in January, Yusko doubted the imminent approval of spot Ethereum ETFs.
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