The hedge fund manager predicts that Bitcoin will reach $150,000 in 2024 and $700,000 in 2034.

By Crypto Gloom On Mar 31, 2024

Cryptocurrency ETF – The next step towards a decentralized future – Bitcoin ETF

Mark Yusko shared his big prediction for Bitcoin trading price amid this bull run on behalf of several supporting factors.

The current trading price of Bitcoin is $70,240 and the trading price is up 8.2% over the last 7 days.

Bitcoin trading prices have been rising gradually since mid-2023, following the interest of top fund manager BlackRock in launching a Bitcoin spot ETF. It concerns BlackRock & Grayscale’s efforts to pressure the U.S. Securities and Exchange Commission (SEC) to approve a Bitcoin spot ETF application in January of this year.

In a recent interview with CNBC, American investor and hedge fund manager Mark Yusko called Bitcoin a digital form of the gold asset.

Yusko predicted that Bitcoin’s trading price could rise to $150,000 during this upward cycle. He also believes that Bitcoin’s trading price will reach $700,000 in the next 10 years.

American investor Yusko #Bitcoin It could eventually rise to much higher than $150,000.

— Bitcoinik (@Bitcoinikdotcom) March 31, 2024

It is worth knowing that Yusko has been a big supporter of Bitcoin for a long time. In 2019, the American investor predicted that Bitcoin would reach the $400,000 price level in the long term.

Bitcoin spot ETF and fund inflows

The availability of Bitcoin investment options through Bitcoin spot ETF products in the US has resulted in very high inflows into the Bitcoin market over the past two months.

According to reports, many large pension funds are also looking to invest money in Bitcoin through a BTC ETF product. It is expected that there will be a strong inflow of funds into the Bitcoin market next week.

Goldman Sachs Group said pension funds could sell about $32 billion in shares at the end of the quarter to rebalance their positions. hehe We predict that there will be a lot of interest in the demand for Bitcoin ETFs. Because the Bitcoin ETF was listed in January and the fund was running out of time.

— Wu Blockchain (@WuBlockchain) March 31, 2024

Also read: Ethereum maximalist decides to sell all ETH holdings as Vitalik Buterin rejects proposal

Bitcoin trader and investor since 2013. I love sharing valuable information with people who don’t believe in blockchain technology and underlying cryptocurrencies.