$150,000 Bitcoin Incoming, Predicts Hedge Fund Veteran Mark Yusko – Here’s the Timeline

CEO and founder of Morgan Creek Capital Mark Yusko says that the Bitcoin ($BTC) bull market is just getting started.

In an interview on The Wolf of All Streets YouTube channel, Yusko says that Bitcoin could hit a six-figure price by mid-next year, a figure he notes will double $BTC’s fair value.

According to Yusko, the fair value of Bitcoin is estimated based on its network effects or the number of $BTC users and miners.

Says Yusko,

“It’s possible that [Bitcoin’s] fair value only goes to $75,000 or $80,000 [this bull cycle]. Let’s just say $75,000.

So then the investors have been buying all this time up to fair value. Now we have new people we have traders, we have speculators because the hedgers are selling – the gamblers haven’t even shown up yet.

Once they show up and once the leverage starts, then we go right through fair value, so right past $75,000. In history, we go to 2.3x…

I don’t think we’ll go 2.3 times [this cycle] because I think there’s less leverage. I think we go 2x fair value, that’s $150,000.

So sometime between Thanksgiving this year and June of the following year, that’s when we see the new all-time high.”

The hedge fund veteran, however, says that Bitcoin and other crypto assets are likely to undergo a severe correction between now and a new all-time for $BTC.

“We haven’t even gotten to crypto fall. That doesn’t happen till June. The halving is still yet to come and we have one more, let’s call it SpaceX-like explosion that was planned after the ides of March before tax season this year. There’s one more selling wave that’s coming.”

Bitcoin is trading at $52,018 at time of writing.

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