Bitcoin could reach $300,000 by 2028, said Mark Yusko, Morgan Creek Capital Management founder and CEO, on CoinDesk TV’s First Mover. Yusko made the prediction while comparing bitcoin to gold. Gold is not portable or divisible, whereas bitcoin is, the CEO of the $1.6 billion asset management firm explained. “Bitcoin fixes both of these issues, and is equally scarce,” Yusko added, arguing that the digital asset could eventually catch up to the precious metal’s valuation. “The monetary value of gold is about $6 trillion, I think bitcoin can replace all of that, the monetary equivalent of $6 trillion is about a 10X from here, which gives us a price of about $300K,” said Yusko.
Related posts
-
El Salvador celebrates Christmas 2024 by buying another Bitcoin
El Salvador’s festive holiday celebrations amid IMF restrictions. As the country adds to its Bitcoin (BTC)... -
What’s The Worst Case Scenario For Bitcoin? Analyst Explains
Este artículo también está disponible en español. In his latest video published on December 21, crypto... -
Metaplanet makes largest Bitcoin bet, acquires nearly 620 BTC
Tokyo-listed Metaplanet has purchased another 9.5 billion yen ($60.6 million) worth of Bitcoin, pushing its holdings...