EXCLUSIVE: Mark Yusko Silences Bitcoin Critics, Sees Bitcoin Hitting $5 Trillion Market Cap
Portfolio Pulse from Chris Katje
Morgan Creek Capital Management CEO, Mark Yusko, predicts Bitcoin (CRYPTO: BTC) could reach a $5 trillion market cap, replacing gold as the currency standard. Yusko has set a price target of $100,000 by mid-2024 and $300,000 by 2028. He also mentioned that Morgan Creek has been buying Bitcoin since 2018 and has no plans to sell any of it for a long time.
September 28, 2023 | 9:52 pm
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Mark Yusko's bullish prediction for Bitcoin could potentially drive more investors to buy, leading to a short-term price increase.
Mark Yusko's bullish prediction and his firm's continued investment in Bitcoin could influence other investors to buy Bitcoin, potentially leading to a short-term price increase. However, the actual impact will depend on market conditions and investor sentiment.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100