BTC could trade for $250K within five years: Morgan Creek Capital CEO
Morgan Creek Capital Management’s CEO predicted Bitcoin will soon rival gold by monetary value. Morgan Creek Capital Management founder and CEO believes Bitcoin’s next market cycle could see the asset rival gold by market capitalization and trading for more than $200,000.While appearing on CNBC’s Trading Nation on May 9, Mark Yusko compared the rapid adoption of Bitcoin to the growth of FAANG companies — Facebook, Apple, Amazon, Netflix, and Google.“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....
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Mark Yusko, Morgan Creek Capital Management’s CEO and cofounder, is extremely bullish on bitcoin. Despite a period of consolidation, Yusko expects the leading crypto asset to tap $250,000 in five years. In a recent interview, he said that the network continues to swell in an “exponential way.” Morgan Creek’s CEO Sticks to His Six-Digit Bitcoin Prediction The founder of Morgan Creek is again reiterating his prediction that bitcoin (BTC) will surpass six digits in value within the next five years. In a May 6, 2020 interview, Yusko predicted that bitcoin could easily....
Many believe Bitcoin will bounce back to break the $60,000 price mark. But Mark Yusko seems to have a bigger picture of the token’s future price. Mark Yusko is the CEO, founder, and chief investment officer of Morgan Creek Capital. In his speech, the price of Bitcoin could get to $250,000 in the next five years. One reason for this possibility is that Bitcoin has gone past being a valued token. Unfortunately, many investors fail to see it from this perspective. He revealed this information in an interview held in June 2021. Related Reading: Bitcoin Supply In Profit Continues Decline, But....
People will be able to “bank themselves” with crypto. A bankless world is inevitable due to the “natural evolution of technology,” according to a top executive at multi-billion dollar investment manager, Morgan Creek Capital.The firm’s CEO Mark Yusko believes that a “silent revolution” powered by cryptocurrencies like Bitcoin (BTC) will eventually lead the world to a bankless society.In an Oct. 13 interview with Brazilian Dash-focused YouTube channel Dash Dinheiro Digital, Yusko said that people around the world will, in time, be able to “bank themselves through crypto.”Despite his claims....
Morgan Creek Digital’s Jason Williams prefers to sell his old cars for crypto instead of cash. As Bitcoin (BTC) momentum continues to grow, some people seem to prefer selling their belongings for cryptocurrency instead of fiat money.Jason Williams, a co-founder of Morgan Creek Digital, a dedicated digital asset investment business run by Morgan Creek Capital, sold his car for Bitcoin.Williams announced on Twitter that he sold his 2007 Chevrolet Suburban for 0.4 BTC, worth around $7,300 at publishing time. According to car shopper website Edmunds.com, a used 2007 Suburban costs around....
Join us as we discuss this and other topics with Tim Warren, co-host of Coffee N Crypto, and Mark Yusko. In this week's episode of Market Talks, we welcome the founder, chief investment officer and managing director of Morgan Creek Capital Management, Mark Yusko.Mark W. Yusko is an investor and hedge fund manager. He is the founder, chief investment officer and managing director of Morgan Creek Capital Management and also the Co-Founder & Partner of Morgan Creek Digital.The main topic for discussion with Mark is if we are finally at the end of this crypto winter and what that could mean....