According to Mark Yusko, CEO of the cryptocurrency investment company Morgan Creek,next year, the first cryptocurrency exchange rate can reach $ 100,000.
In an interview with YouTube channel Altcoin Buzz, Yuskostated that between 2021 and 2022, the capitalization of Bitcoin could be compared to the capitalization of gold. That is, the first cryptocurrency exchange rate will be about $ 100,000.
“I really believe that this transition can be the biggest opportunity to increase capital, which I probably will see in my entire life,” said the head of Morgan Creek.
As for the fall of cryptocurrency markets on March 12 and 13, then, according to Yusko, this is a completely natural process. Moreover, at the moment, the Bitcoin exchange rate has grown from $ 3,800 to $ 10,000.
“Bitcoin behaves the same as all othersprotective assets. What happened in the markets in March is not related to the coronavirus itself. He was just a catalyst that burst a big financial bubble, ”said Yusko.
He also expressed the view that in the longBitcoin could reach $ 400,000 over the long term. In February, Yusko announced that he should not pay attention to the short-term fluctuations of bitcoin, but rather focus on a long-term strategy.
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