Bitcoin’s price has been up by more than 60% since the start of the year and it already broke its 2021 all-time high of $69,050 and charted a new one of almost $74,000. What’s most impressive about this milestone is that the latest peak came ahead of the fourth halving for the first time ever.
However, the hedge fund manager believes there’s still more room for growth for BTC, especially given the upcoming halving, scheduled to take place in late April. Looking at the broader scale, he predicted that BTC could increase its price against the dollar by 10x over the next decade. This would mean that one Bitcoin could be worth somewhere around $700,000.Yusko is not the only prominent individual who has forecasted a $150,000 price tag for Bitcoin this year. Fundstrat’s Tom Lee was among those,that the asset could more than double its value from its current position in 2024 due to its appeal to Millennials and Gen Z.
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