Morgan Creek’s Mark Yusko Predicts Bitcoin May Reach $ 250,000 In 5 Years – Markets And Prices Bitcoin News
Mark Yusko, CEO and Co-Founder of Morgan Creek Capital Management, is extremely optimistic about Bitcoin. Despite a period of consolidation, Yusko expects the leading crypto asset to unlock $ 250,000 in five years. In a recent interview, he said the network continues to expand “exponentially.”
Morgan Creek CEO sticks to his six-digit Bitcoin prediction
Morgan Creek founder reiterates his forecast that Bitcoin (BTC) will surpass six-digit values in the next five years. In an interview on May 6, 2020, Yusko predicted that Bitcoin could easily reach $ 100,000 in 2021 or 2022. During the discussion, Yusko also emphasized that the price of Bitcoin could also reach $ 400,000 to $ 500,000.
During this week’s interview with CNBC’s Trading Nation, Morgan Creek’s Mark Yusko stated that he believed investors “overlook and underestimate” the leading crypto asset.
“It’s all about network adoption and increased usage,” said Yusko this week. “This is a network and networks are growing exponentially. This is the fastest network in history, valued at trillion dollars, just after the FAANGS which, as you know, lasted 15 to 20 years depending on which one you are looking at. “
Yusko co-founder Morgan Creek Anthony Pompliano also said he believes BTC will hit $ 100,000. Pompliano recently interviewed popular Youtube investor Andrei Jikh and explained the basics of his prediction to Jikh’s 1.52 million subscribers.
Yusko is a firm believer in the digital gold theory. Doge is “useless”.
Yusko’s fundamentals are based on gold market equivalence, which CNBC estimates at around $ 4 trillion. If digital gold can capture a percentage of the enormous global gold market, Yusko insists that BTC could make it to $ 1 million per unit.
“What people are missing is that this is a computing power advancement that is not going away,” Yusko told CNBC’s Trading Nation. Yusko added:
It is a powerful computer network that will become the basic protocol for the Internet of Value.
CNBC’s hosts asked Yusko about the gains Dogecoin (DOGE) and Ethereum (ETH) have seen recently, and Morgan Creek’s executive director said few crypto assets would make it in the long run.
“Yes, there is room for a few logs to survive, but there are thousands of coins and Doge is in that category, which are really useless. They’re just utility models that have no underlying value or use case and eventually go away, “Yusko insisted.
Yusko’s BTC price prediction isn’t all that different from venture capitalist Tim Draper’s prediction, albeit a little longer. Draper predicts that Bitcoin (BTC) could reach $ 250,000 by 2022. People look up to Draper’s forecast because he correctly predicted that Bitcoin price would top $ 10,000 per coin by 2018.
What do you think of Mark Yusko’s prediction of Morgan Creek Capital Management? Let us know what you think on this matter in the comments section below.
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250,000 USD, 250,000 USD, Anthony Pompliano, Bitcoin, Bitcoin (BTC), Dogecoin, Ethereum, Mark Yusko, markets, Morgan Creek, Morgan Creek capital management, prices, six digits
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