Bitcoin can reach $250k in 5 years — says Mark Yusko from Morgan Creek
Last year, in an interview on May 6, Yusko predicted that Bitcoin could easily hit $100,000 in 2021 or 2022. He also emphasized that the price could reach $400k to $500k.
This week, during an interview with CNBC’s Trading Nation, Mask Yusko explained that he believes Bitcoin has been overlook and underestimate by investors.
“It’s just about network adoption and increased usage. This is a network and networks grow in an exponential way. This is the fastest network in history to a trillion dollars of value, right on the heels of the FAANGS that took, you know, 15 to 20 years depending on which one you look at.” — said Mark Yusko.
Yusko’s BTC price forecast is quite similar with that of Tim Draper, the venture capitalist, albeit a bit longer out. Draper predicts that Bitcoin could be $250,000 by year 2022, while Yusko expects Bitcoin to tap $250,000 in 5 years.
Yusko’s fundamentals are based on gold markets equivalence, which CNBC estimates to be around $4 trillion. If digital gold can capture a percentage of gold’s enormous global market, BTC could make it to $1 million per unit according to Yusko.
“It is a powerful computing network that is going to become the base layer protocol for the Internet of value.” — said Mark Yusko.
Source: https://news.bitcoin.com/morgan-creeks-mark-yusko-predicts-bitcoin-can-reach-250k-in-5-years/
