The leading metric for Bitcoin, as revealed by a quant,
suggests a positive outlook for the cryptocurrency. According to the prediction by Mark Yusko,
the CEO of Morgan Creek Capital Management, Bitcoin is expected to see a significant rise in price, with a forecast of reaching $150,000 in 2024
This optimistic projection is based on factors such as the upcoming Bitcoin halving event in April 2024
which historically has led to price increases due to reduced supply and increased demand
Yusko also highlights the potential impact of a Spot Bitcoin Exchange Traded Fund (ETF) on Bitcoin's price
emphasizing the importance of these events in driving the cryptocurrency's value upwards