The Bitcoin market is looking at two key events that could push prices to $150,000 by the middle of next year, according to Mark Yusko, CEO, Founder, and Chief Investment Officer of Morgan Creek Capit
al Management.
“I have a logic for where I think the price is going to go and why I think it's going to go there. I certainly think that the spot ETF is going to impact this. But the primary reason for the movement in the price is the halving cycle — one of the most genius ideas,” Yusko said. “By the middle of summer next year, $100,000 will be fair value. But we'll have speculation … so let's say we blow through that $100k, and we're at $150k. That seems reasonable to me.
The BlackRock spot Bitcoin ETF will likely be the first to get the SEC's approval, he added."Why should BlackRock get it? Because it's who you know," Yusko explained. The trial's outcome can vary from receiving a life sentence to getting many of the charges dismissed, Yusko told Kitco News. "There is probable cause to believe that the defendant has attempted to tamper with witnesses at least twice," Kaplan said.
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