Hedge fund manager predicts Bitcoin will hit $150k in 2024 & $700k in 2034
Mark Yusko shared his big prediction on the Bitcoin trade price amid this bull run on behalf of several supportive factors.
The current trade price of Bitcoin is $70,240 & this trade price is 8.2% higher over the last 7 days.
The trade price of Bitcoin has been surging in step-by-step phases since mid-2023, following the interest of top fund manager BlackRock to launch the Bitcoin spot ETF. It is all about BlackRock & Grayscale efforts which pressurised the United States Securities and Exchange Commission (SEC) to approve Bitcoin spot ETF applications in Jan of this year.
In a recent interview with CNBC, American investor and hedge fund manager Mark Yusko called Bitcoin a digital form of Gold asset.
Yusko predicted that the trade price of Bitcoin may pump to $150k in this bull cycle. He also believes that the trade price of Bitcoin will be somewhere at $700k in the next 10 years.
It is worth knowing that Yusko has been a big Bitcoin supporter for a long time. In 2019, this American investor predicted that Bitcoin would hit the $400k price level in the long term.
Bitcoin spot ETF & money inflow
Because of the availability of investment options in Bitcoin via Bitcoin spot ETF products in the US, the inflow of money in the Bitcoin market has been very high in the last 2 months.
Reportedly many big pension funds are also looking to invest money in Bitcoin via BTC ETF products. It is expected that next week strong inflow of money will take place in the Bitcoin market.
Read also: Ethereum maximalist decides to sell all ETH holding, as Vitalik Buterin refuses proposal letter
