Hedge fund manager Mark Yusko is predicting bitcoin will more than double this year to $150,000.
Yusko thinks investors should have at least 1% to 3% allocated to bitcoin in their portfolios.
Yusko expects the bitcoin halving to lead to a supply shock resulting in another round of major tailwinds for the flagship crypto.
The halving, which cuts the bitcoin mining reward in half to limit supply, is expected in late April.
Disclosure: Yusko's firms own bitcoin, ethereum, gold, Coinbase and Nvidia.
Persons:
Mark Yusko, CNBC's, Yusko, bitcoin
Organizations:
Morgan, Capital Management, Nvidia