Bitcoin is expected to reach $ 250,000 in 5 years, says Mark Yusko. By Morgan Creek
Bitcoin is expected to reach $ 250,000 in 5 years, says Mark Yusko. By Morgan Creek
Mark Yusko-Chief Executive Officer at Morgan Creek Capital Management-once again said that Bitcoin's USD value can increase to $ 250,000 in the next five years. However, there can be a bumpy journey until this milestone is reached.
better than gold
The American investor, hedge fund manager and philanthropic-Mark Yusko-is a long-time Bitcoin supporter with a consistent opinion about the asset. At the beginning of this year he Network growth and increasing acceptance will not take longer than five years to land at a price of $ 250,000.
"This is a network and networks grow exponentially. This is the fastest network in history with a value of a trillion dollar, directly after Faangs, that took 15 to 20 years, depending on which you are looking at."
In a recently Interview For CNBC, the CEO of Morgan Creek Capital Management presented the same forecast. He also praised the primary digital asset due to its fixed stock of 21 million coins as the gold:
"This is classic supply and demand. One of the beautiful things about Bitcoin as a wealth is that it has a limited supply. We know every day for the next 140 years how many bitcoins are shaped by the mining process."
If Bitcoin reaches $ 250,000, its market capitalization would also correspond to that of the precious metal, Yusko added:
"I think Bitcoin has gold and replaces. It is now digital gold. It is a perfect shop value."
Risk to buy the rumor, the messages for sale
Contrary to his long-term forecast, the hedge fund manager would not be surprised if there will be a small consolidation in the next few months. While many experts like Mike> Mike McGlone and Adam back recently referred to $ 100,000 as a price for bitcoins for the end of 2021, Yusko is not so convinced:
"There are many people who believe that we could reach $ 100,000 by the end of the year. The stock-to-flow model says that we should.
he argued that a significant percentage of crypto investors will take profits due to the recent strong rally in the market for digital assets. This could be another reason that the BTC price will soon go south:
"A break that refreshes when you consider how overbought we are.
Selected image with the friendly approval of Moneyinc
.
Kommentare (0)