Morgan Creek Founder: Bitcoin shooting towards $30,000
|- Morgan Creek Founder Mark Yusko also predicted that BTC will push to $100,000 by 2021.
- Billionaire venture capitalist, Tim Draper, had earlier predicted that Bitcoin will rise to $250,000 within a few years.
Mark Yusko, the founder of Morgan Creek Capital Management, believes that BTC won’t hit another correction until it reaches $30,000. During an interview with CNBC’s Fast Money, Yusko remarked that Bitcoin is the best performing asset and it has been so since October 2018. He also stated that BTC will push to $100,000 by 2021.
He stated:
“We’re definitely going to reclaim all-time highs. Over the past nine months since we were together on October 7th, Bitcoin is up 70%. It’s the best performing asset class this year.
And remember we were also together on December 13th on your show in the afternoon and we talked about if $3,100 is the bottom. Look, that’s a long way below here and I think we’re in the next parabolic move that will take us probably into the $30,000 level before we get another correction. I just did a webinar today talking about the path to $100,000 by 2021 is really quite easy to draw out.”
Billionaire venture capitalist, Tim Draper, had earlier predicted that Bitcoin will rise to $250,000 within a few years. He said that the push will come as developers continue to provide working solutions to Bitcoin’s scalability issues.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.