Morgan Creek’s CEO Expects Bitcoin to Hit $250k Over the Next Five Years
Bitcoin (BTC) has struggled to reclaim the $65k all-time high recorded sometime in April, the benchmark cryptocurrency trade on a sideways bias. Despite the recent bearishness seen in BTC, Mark Yusko, the CEO of Morgan Creek Capital Management, recently made a bullish prediction for the benchmark cryptocurrency.
In a recent interview with CNBC, the CEO asserted that Bitcoin could touch the $250k mark within the next five years. Yusko argued that Bitcoin is not just a value token but is also a highly successful network. The CEO and founder of Morgan Creek Capital Management noted that many investors do accord the cryptocurrency its rightful value, adding that:
”This is a network, and networks grow exponentially. This is the fastest network in history to a trillion dollars of value, right on the...
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