Mark Yusko, co-founder and CEO of Morgan Creek Capital, reaffirms his belief in Bitcoin’s potential to reach a six-figure price in the near future. Speaking on CNBC, Yusko outlines his optimistic forecast, suggesting that Bitcoin could triple in value from its current fair value or double from its post-halving fair value. He attributes this projection to factors such as the halving event, which historically leads to price increases, and the rise in transaction fees. Yusko predicts Bitcoin could surge to $100,000 or even reach $150,000 in the current cycle, highlighting the diminishing leverage compared to previous cycles.

Yusko anticipates the peak of the bull cycle around nine months after the halving, typically occurring between Thanksgiving and Christmas. He emphasizes the impact of increased demand coupled with reduced supply following the halving, pointing to the historical trend of exponential price growth during this period. With Bitcoin trading at around $70,882 at the time of writing, Yusko’s bullish outlook suggests significant potential for further appreciation in the cryptocurrency’s value in the coming months.

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