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: COIN, ETH.CM=, SOL.CM=, NVDA, BTC.CM=,
Keywords: retail investors, investment strategy, personal investing, cryptocurrency, ethereum/usd coin metrics, bitcoin/usd coin metrics, breaking news: investing, coinbase global inc, solana/usd coin metrics, business news, nvidia corp, bitcoin, wall street,