Mark Yusko, the founder and CEO of Morgan Creek Capital, thinks that the Bitcoin (BTC) bull market just started.
Yusko claims that BTC may reach $150,000 by the middle of next year in an interview on The Wolf of All Streets YouTube channel. He notes that this price will double the fair value of BTC.
Yusko claims that the number of Bitcoin miners and users and the network effects of the crypto are used to estimate the fair value of Bitcoin.
Mark Yusko says,
“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... 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.“
However, the seasoned hedge fund manager predicts that the crypto’s value will probably see a significant correction between now and a new all-time high for Bitcoin.
