BTC Expected To Skyrocket To $300K By 2028!

<p>&nbsp;"Fulamak means there is still time for investors to buy BTC right?"</p><p><br /></p><p>Mark Yusko, the founder and Chief Executive Officer (CEO) of Morgan Creek Capital Management confidently predicts that the cryptocurrency Bitcoin (BTC) will reach $300,000 by 2028.</p><p><br /></p><p>Immediately after revealing his prediction, Yusko also compared BTC to gold, where he said that gold is not easily transferred or divided but the digital asset is the opposite.</p><p><br /></p><p>He added that the monetary value of gold is around 6 trillion and BTC is expected to increase 10 times that figure, therefore Yusko expects the price to reach $300,000 before 2028 when BTC goes through another halving event.</p><p><br /></p><p><br /></p><p>The halving event can have a positive reaction to the price of digital assets as it will reduce the inflationary pressure on BTC, so here investors need to know that the next halving event is around April 2024 then in 2028.</p><p><br /></p><p>It is well known that every four years, the BTC reward received by miners after successfully mining a block will be cut in half to control the blockchain supply economy.</p><p><br /></p><p>That streak, Yusko also revealed that he has added zeros to each BTC halving event and by April 2024 he thinks the price of the digital asset will exceed $100,000 or more.</p><p><br /></p><p>In addition to Yusko, British multinational bank Standard Chartered predicts that BTC will reach $120,000 by the end of this year while Crypto service provider Matrixport expects its price to reach $125,000 before the end of 2024.</p><p><br /></p><p>As of this writing, BTC price has plunged by 0.47% to $29,261 in the last 24 hours with a market capitalization of $568 billion and has recorded a 2.08% decline over the past week.</p>