Morgan Creek’s CEO Predicts a Great Future for Bitcoin
Mark Yusko, the CEO of Morgan Creek Capital Management, shared his vision of Bitcoin’s future. He sees it as prominent, believing Bitcoin will be able to compete with gold as the means of investment. Yusko talked about the perspectives of cryptocurrencies with CNBC.
He believes that Bitcoin will cost more than $200,000 in five years. Yusko compared the first world’s cryptocurrencies with FAANG companies who were also fast to grow exponentially. He even suggested that Bitcoin will become a base protocol for the so-called Internet of Value.
Speaking about other cryptocurrencies such as Ethereum, Litecoin and Dogecoin, he wasn’t as sure as about Bitcoin. However, he suggested that they have a space to expand for all except Dogecoin. He doesn’t believe it will last due to the lack of real value.