Bitcoin headed for $400,000: Hedge fund manager Mark Yusko predicts

  • Yusko maintains that Bitcoin has the potential to unseat gold.
  • “Bitcoin is much easier to transport. It is much easier to divide,” Mark Yusko.

Experts are currently staying off prediction of Bitcoin price following the crash witnessed in 2018. However, the founder of Morgan Creek Capital Mark Yusko in a recent interview said that he sees Bitcoin surging to $400,000 levels in the long-term. A figure that many have found unrealistic and crazy.

Yusko maintains that Bitcoin has the potential to unseat gold as well as remain the leading cryptocurrency. Besides, the recent trends suggest that millennials are preferring Bitcoin and other digital assets as opposed to traditional assets like gold and stocks. Yusko says:

“Bitcoin is much easier to transport. It is much easier to divide. It is tough to break a bar gold into its component pieces. Bitcoin has all these essential qualities that I think are superior to gold.”

Yusko is likely to have done simple mathematics to arrive at this prediction by dividing the total market cap of gold with the circulating supply of Bitcoin. However, Bitcoin will not hit this level in the next two years. It could take it even a decade to do so.

You may also like:

Bitcoin price analysis: BTC/USD was unstoppable at $6,100; hits highs above $6,300 on Friday 10

Cryptocurrency market update: Bullish pilgrimage begins as market adds $7 billion

 

BEST BROKERS TO TRADE CRYPTO

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.