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$150,000 Bitcoin Boom Expected In 2024, Says Hedge Fund Manager: ‘Bitcoin Is The King, It Is The Dominant Token’

In a recent interview, hedge fund manager Mark Yusko said he is optimistic about Bitcoin (CRYPTO: BTC), predicting it will surpass $150,000 this year, doubling its current value. Encouraging investors to diversify, Yusko suggests allocating 1% to 3% of their portfolio to Bitcoin, considering it a superior alternative to gold. “Bitcoin is the king. It is the dominant token. It is a better form of gold,” he told CNBC’s “Fast Money” last week. As of Thursday, Bitcoin has risen approximately 159% in the past year, reaching over $73,000 in March and trading around $70,700. Yusko believes Bitcoin’s …