Mark Yusco (Mark Yusko), founder and chief investment officer of (Morgan Creek Capital Management), a Morgan Brook capital management firm, thinks the price of bitcoin could reach $250000 within five years.
Yusco said in an interview on Friday that online adoption and increased usage could help Bitcoin reach its target of $250000.
"it's an exponentially growing network, the fastest network in history to reach a trillion dollars in value, second only to FAANG stocks, you know, it took 15 to 20 years, depending on which stock you're looking at," he said.
Yusco's goal for Bitcoin is based on the assumption that Bitcoin will reach the same market capitalization as gold. He believes that if the value of gold in the world is 4 trillion US dollars, then digital gold should also reach the same value.
He added that Bitcoin is the gold standard in the encrypted world and is the underlying protocol like the TCP/IP Internet Protocol Suite that allows computers to connect and communicate. Ethernet, the second largest cryptocurrency by market capitalization, is similar to "www." Is a toolbox based on this
Yusco also said that the dog coin is one of thousands of tokens with no potential value and "will eventually disappear."