Morgan Creek Capital Management CEO: Bitcoin will reach $150,000 by the end of the year

Mark Yusko, CEO of Morgan Creek Capital Management, said on CNBC that he expects the price of Bitcoin to follow a "parabolic" trend later this year and reach $150,000 due to the upcoming halving event. Yusko stated: "After the halving, there is great interest in this asset and many people are afraid of missing out. We usually reach about twice the fair value during a cycle. That's $150,000." Yusko believes that the price increase occurs about 9 months after halving, with the current halving happening around April 20th.