Morgan Creek CEO Predicts Bitcoin Price Rise To $ 250K

According to Mark Yusko, the capitalization of the main cryptocurrency should reach $ 4 trillion within five years.

Founder and CEO of Morgan CreekCapital Management Mark Yusko in an interview with CNBC predicted a rise in the price of bitcoin to $ 250 thousand within five years. In his opinion, the adoption of the main cryptocurrency will grow exponentially. The head of Morgan Creek explained his forecast by the fact that bitcoin is called digital gold, which means that the digital coin should approach the capitalization of gold. Thus, the capitalization of the first digital coin, according to Yusko, should reach $ 4 trillion, and the cost of one bitcoin - $ 250 thousand.

“People lose sight of the fact that technologicalthe evolution of computing power is not going anywhere. It is a powerful computing network that will become the Internet's baseline value protocol, ”Yusko said.

At 13:On 20 Moscow time, bitcoin, according to CoinGecko, is trading at $ 57.9 thousand, and its capitalization is $ 1.08 trillion. Since the beginning of this year, the first cryptocurrency has grown by 99%. The last time the main digital coin reached an all-time high on April 14 at around $ 64.8 thousand.

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