Bitcoin growth after halving will become “parabolic” and allow the price to reach $150,000 by the end of the year. This is the forecast on air CNBC given by Morgan Creek Capital CEO Mark Yusko.
The top manager called the first cryptocurrency “the dominant token” and “the best form of gold.”
According to the specialist’s forecasts, after the halving expected around April 20, Bitcoin’s growth will continue in the next nine months.
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 action 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 “king Bitcoin”. He recommended that traditional investors allocate 1-3% of their capital to invest in assets. The company invests about 20% of its capital in altcoins.
Morgan Creek's CEO concluded by calling the valuations of companies like AMD and Nvidia “hard to digest.”
Source: Cryptocurrency
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