Marco Jusko: BTC will rise to $ 150,000 by the end of the year

The growth of bitcoin BTC $61,020.62 Bitcoin -0.42% Market capitalization $1.21 trillion VOL. 24 hours $1.97 billion after the halving will become «parabolic» and will allow the market flagship to reach $ 150,000 by the end of 2024. This forecast was made 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 the 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 the „inscription“ related transactions.****1**** Thus, we get $ 150,000,» Yusko analyzes.

The expert predicts that after the expected halving, bitcoin will continue to grow in the next nine months.

«As soon as this happens, demand will start to grow. Nevertheless, 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 an event, the market will form a price peak before the next bear market,» explained the CEO of Morgan Creek Capital.

on April 1, at the time of writing, the main cryptocurrency was trading at $ 69,413, a stagnation of 1.4%. The total number of coins circulating on the market reached $ 1.36 trillion. Traders made daily trading deals worth $ 24.5 billion. BTC dominance in the market amounted to 52%.