The CEO of Morgan Creek Capital Management, Mark Yusko, has made a bold prediction regarding the price of Bitcoin in the upcoming 2024 bull cycle. He believes that Bitcoin has the potential to rise to $150,000 and has described it as the undisputed leader among digital assets.

Yusko shared his forecast in a recent interview with CNBC Television, explaining that factors like the Bitcoin halving in 2024 and the launch of a Spot Bitcoin ETF would play a significant role in driving up the price of BTC. After the Bitcoin halving event in April 2024, Yusko expects transaction fees to increase, leading to a rise in price to $75,000. Following this, he predicts that Bitcoin will reach $150,000, fueled by increased investor interest and FOMO.

The CEO expressed his confidence in Bitcoin’s value, stating that the cryptocurrency is superior to gold and digital property. He anticipates that Bitcoin will increase in value by 10 times over the next decade. Yusko also mentioned that the peak price for Bitcoin is expected to occur by the end of 2024, nine months after the halving event, before entering a bear market.

Moreover, Yusko believes that smaller crypto projects, such as Solana, Avalanche, and Coinbase, could potentially see significant gains during this time. These are some of the investment assets that Morgan Creek Capital Management typically invests in and holds onto.