Mark Yusko: Bitcoin price could reach $150,000 by the end of the year
According to Mars Finance News, Mark Yusko, CEO of Morgan Creek Capital Management, predicts that increased interest in Bitcoin will push up its price after the Bitcoin halving. Bitcoin prices could hit $150,000 by the end of the year. Mark Yusko pointed out that after the Bitcoin halving event in April, the reward for Bitcoin miners was halved, which reduced the circulation speed of new Bitcoins and people were more interested in Bitcoin. Historically, the price of Bitcoin has increased after halvings, so there was an expectation that it might follow the same pattern. (IBTimes)
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