Billionaire Investor Predicts $400K Bitcoin Should Be Easy to Achieve! – Crypto News Alerts EP. 1020
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Mark Yusko is the billionaire investor and Founder of Morgan Creek Capital. His prediction for Bitcoin is that it’ll be worth over $400,000 in the long term, a statement that made headlines in crypto because for its grandiose scale.
“It’s just math. It is gold equivalent…there are about 20 million BTC available today. Gold today is about $8 trillion. That gives you $400,000. And that doesn’t include use cases that relate to currency,” Yusko said.
He also pointed out that the leading cryptocurrency is striking fear into the hearts of bankers, precisely because Bitcoin eliminates the need for banks. When transactions are verified on a Blockchain, banks become obsolete.
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: V
✔ Raoul Pal’s Ethereum Prediction: X
✔ Short Selling BTC & ETH Is Dangerous: I
✔ Upward Pressure Building for BTC: P
✔ $400K Bitcoin Price Prediction: 7
🔴 DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make. Always do your own research and never invest what you cannot afford to lose.
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I’m a journalist who specializes in investigative reporting and writing. I have written for the New York Times and other publications.