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Bitcoin could soar to $150,000 this year, hedge fund manager Mark Yusko predicts - TL;DR CNBC

Bitcoin could soar to $150,000 this year, hedge fund manager Mark Yusko predicts

Publishing timestamp: 2024-03-30 11:00:01


Summary

Hedge fund manager Mark Yusko predicts bitcoin will more than double to $150,000 this year, advising investors to have at least 1% to 3% allocated to bitcoin in their portfolios. He sees bitcoin as a dominant token and better form of gold, with potential to go up 10x over the next decade. Yusko also expects the upcoming bitcoin halving to lead to a supply shock and believes that the big move in price will happen post-halving. His firm also has exposure to crypto online trading platform Coinbase.


Sentiment: POSITIVE

Tickers: COINETH.CM=SOL.CM=NVDABTC.CM=

Keywords: retail investorsinvestment strategypersonal investingcryptocurrencyethereum/usd coin metricsbitcoin/usd coin metricsbreaking news: investingcoinbase global incsolana/usd coin metricsbusiness newsnvidia corpbitcoinwall street

Source: https://www.cnbc.com/2024/03/30/hedge-fund-manager-mark-yusko-bitcoin-soaring-to-150000-this-year.html


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