Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/mark-yusko-predicts-bitcoin-price-surge-to-six-figures/" data-wpel-link="internal">Mark Yusko Predicts Bitcoin Price Surge to Six Figures</a> 
<a href="https://en.coin-turk.com/what-is-the-fomc/" data-wpel-link="internal">Investment</a> firm Morgan Creek Capital’s co-founder and CEO Mark Yusko reiterated his belief that <a href="https://coin-turk.com/unlu-uzman-uyardi-bitcoin-btc-icin-ayrisma-basladi" data-wpel-link="internal">Bitcoin</a> (<a href="https://coin-turk.com/hazir-olun-btc-eth-doge-xrp-ve-matic-kac-dolar-olur" data-wpel-link="internal">BTC</a>) will rise to six-figure price levels in the coming months. In a recent interview with CNBC, Yusko cited factors such as network effects and the upcoming block reward halving, suggesting that <a href="https://en.coin-turk.com/analyst-bitcoin-to-reach-55000-will-take-until-april-2024/" data-wpel-link="internal">Bitcoin</a>‘s price could triple from its current fair value or double after the block reward halving. 
<h2 style="text-align: justify" id="strong-targeting-150-000-post-halving-strong">Targeting $150,000 Post-Halving</h2> 
Yusko summarized the Bitcoin valuation model based on Metcalfe’s Law, which uses factors like the number of users and miners in the network to estimate fair value. According to this model, the fair value of the largest cryptocurrency is currently around $50,000. However, with the upcoming block reward halving that will reduce the rewards for miners, Yusko expects a price surge that could take Bitcoin to $100,000 or even $150,000. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-334842" src="https://coin-turk.com/wp-content/uploads/2024/03/Mark-Yusko-Bitcoin-BTC.png" alt="" width="1456" height="816"> 
About three weeks after Morgan Creek Capital CEO’s interview, the planned 4th block reward halving will reduce the block reward for miners by 50% in terms of <a href="https://en.coin-turk.com/surge-in-large-bitcoin-transactions-signals-excitement-in-crypto-world/" data-wpel-link="internal">BTC</a>. Historically, this has led to an increase in scarcity of new supply and has been a trigger for a rise in Bitcoin’s price. Yusko also noted that this time the dynamics are more affected by transaction fees and that the halving could potentially raise the fair value to $75,000. 
Yusko predicts that the increased interest in Bitcoin following the block reward halving could multiply the fair value of the largest cryptocurrency by two or three and lead to the price reaching all-time highs approximately nine months after the halving. 
<h2 style="text-align: justify" id="strong-anticipates-peak-within-9-months-strong">Anticipates Peak Within 9 Months</h2> 
Bitcoin, currently trading around $70,000, remains a hot topic with ongoing speculation about the upcoming block reward halving. Yusko expects the demand for Bitcoin to outpace the reduced supply post-halving, leading to a gradual but strong upward trend in price, potentially reaching the peak around Thanksgiving or Christmas, about nine months after the halving. 
Yusko’s bullish view on the price trajectory of Bitcoin underscores investor optimism about the long-term potential of the largest cryptocurrency. With the block reward halving expected to increase market activity and serve as a catalyst for a price rise, many are closely watching Bitcoin in anticipation of significant gains in the coming months. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/mark-yusko-predicts-bitcoin-price-surge-to-six-figures/" data-wpel-link="internal">Mark Yusko Predicts Bitcoin Price Surge to Six Figures</a></h5>

Mark Yusko Predicts Bitcoin Price Surge to Six Figures

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