Bitcoin's Current 'Fair Value' At $75,000, Says Mark Yusko: His 'Definitive Way' To Calculate Post-Halving Price
Portfolio Pulse from Ivan Crnogatić
Mark Yusko, CEO of Morgan Creek Capital Management, predicts Bitcoin's (BTC) fair value at $75,000, expecting it to reach $150,000 post-halving. He cites on-chain activity, Bitcoin Ordinals, and Metcalfe's law as valuation methods. Yusko anticipates a market cycle with altcoins dropping significantly, while Bitcoin maintains its 'digital gold' status. He also discusses the legitimization of cryptocurrency investing through new Bitcoin ETFs and addresses regulatory opposition and misconceptions about Bitcoin's security.
February 16, 2024 | 2:14 pm
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Mark Yusko predicts Bitcoin's current fair value at $75,000, expecting it to reach $150,000 post-halving, citing on-chain activity, Bitcoin Ordinals, and Metcalfe's law.
Yusko's prediction is based on historical patterns and the anticipated impact of the halving on Bitcoin's price. His analysis and the mention of on-chain activity and Metcalfe's law as valuation methods provide a bullish outlook for Bitcoin in the short term.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100