Hedge fund manager Mark Yusko expects Bitcoin to halve to $150,000 by the end of the year.

Hedge fund manager Mark Yusko believes: Bitcoin BTC

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‘s blockbuster year has just begun. In an interview with CNBC, the Morgan Creek Capital Management CEO was generally bullish on the coin’s price, calling it a “major token” and “a better form of gold.”

“After a halving, there are a lot of people interested in an asset, more people engaging in FOMO, and the fair value typically doubles in the cycle,” Yusko said. Yusko pegged the fair value for this cycle at around $75,000, which increased due to the halving but was burdened by ordinal and non-ordinary trading fees, compared to its potential value of $100,000. “Because there is less leverage this time, I think it will probably double ($75,000), which brings us to $150,000.”

Yusko sees the price rise occurring about nine months after the halving, currently scheduled for around April 20. “Once that happens, demand starts to increase, but the supply of new coins starts at 900. It goes up to 450 per day,” Yusko said. “As we get closer to the end of the year, the parabola starts to get bigger, and historically, about nine months after the halving…prices peak before the next bear market.”

Yusko explained that his fund only invests about 20% in liquid tokens, but that the stocks and companies involved are currently more difficult to sell than the underlying assets. “They are at an unmanageable valuation level,” Yusko said. Bitcoin mining companies and companies that make mining components like AMD and Nvidia. “We like this. Ethereum ETH

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we really like it Solana brush

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we really like it avalanche Avex

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…Bitcoin is king.”

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