截至周四股市收盘，比特币在过去一年上涨了约159%。3月初，比特币一度超过7.3万美元的水平，但周四晚间的交易价格在7.07万美元左右。Morgan Creek Capital Management CEO and Chief Investment Officer Mark Yusko predicts that Bitcoin will more than double this year to reach $150,000.
The Zhitong Finance App learned that Mark Yusko, CEO and Chief Investment Officer of Morgan Creek Capital Management (Morgan Creek Capital Management), predicts that Bitcoin will more than double this year to reach 150,000 US dollars.
According to Yusko, Bitcoin should account for at least 1% to 3% of an investor's portfolio. “Bitcoin is king. It's the dominant token. It's a better form of gold,” he said.
Bitcoin was up about 159% over the past year by the stock market close on Thursday. At the beginning of March, Bitcoin once surpassed the level of 73,000 US dollars, but on Thursday night the transaction price was around 70,700 US dollars.
“The law of large numbers appeared. I think it could easily rise 10 times from its current level in the next ten years.” Yusko added.
He listed the Bitcoin ETF launched in January as the main bullish factor for cryptocurrencies. Yusko anticipates that the halving of Bitcoin's price will cause a supply shock, bringing another round of significant benefits to the flagship cryptocurrency.
Halving means halving Bitcoin mining rewards to limit supply. It is expected to be implemented at the end of April.
“The big change occurred after the halving,” Yusko said. “By the end of the year, it started getting more... parabolic. Also, historically, it's about 9 months after the halving, so sometime around Thanksgiving or Christmas, we'll see prices peak before the next bear market.”
Yusko's company is also involved in the crypto online trading platform Coinbase. “We think something big is coming to Coinbase,” he said.
Coinbase's share price has risen nearly 321% over the past 12 months.
Bernstein is boldly optimistic that Bitcoin will rise to $150,000 next year
Analysts such as Bernstein analyst Gautam Chhugani said in mid-March that they are firmly bullish on Bitcoin's prospects, claiming that under the current strong upward momentum, the Bitcoin price will explode after “halving” in April.
In fact, as early as November of last year, Bernstein first proposed a target price of 150,000 dollars for Bitcoin. They claim that they are now more confident about this target price:
“We built an institutional traffic model for Bitcoin in our estimates to derive the price of Bitcoin. We estimate that the Bitcoin market will have an inflow of $10 billion in 2024 and another $60 billion in 2025.”
After the Bitcoin ETF was approved by regulators in January of this year, its inflows have surpassed $9.5 billion, further strengthening Bernstein's confidence in Bitcoin's steady rise to $150,000. Over the past 30 days alone, Bitcoin ETFs have had an average of $370 million in inflows every day.
“At this rate, in the 166 trading days remaining in 2024 alone, Bitcoin ETF inflows will be higher than what we expected in 2025.” The analysts added.
