The founder and CEO of Morgan Creek Capital Management believes that during the next bull cycle, Bitcoin will reach$ 200,000 and will surpass gold in terms of capitalization.
On May 9, on CNBC's Trading Nation, Mark Yusko compared Bitcoin's surge to the rise of the FAANG – Facebook, Apple, Amazon, Netflix and Google. He declared:
It's a network, and networks are growing exponentially. This is the fastest-growing network to reach the $ 1 trillion valuation. It took FAANG companies 15-20 years to do this.
Yusko's price prediction is based on the fact that Bitcoinwill surpass gold in terms of capitalization. At a price of $ 59,000, Bitcoin's capitalization is about $ 1.1 trillion. Yusko believes that BTC will be worth at least $ 235,000, and its capitalization will exceed $ 4 trillion.
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Based on materialscointelegraph.com
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