While it remains unclear in which direction the price will move in Bitcoin, which continues its horizontal course, Mark Yusko, the founder and CEO of Morgan Creek Capital Management, one of the supporters of Bitcoin, made BTC predictions.
Speaking to Coindesk, Mark Yusko announced the long-term forecast for the leading cryptocurrency BTC and said that it could reach $ 300,000 in 2028.
The famous CEO, who started by comparing Bitcoin with gold, stated that gold is not portable or divisible, but compared to gold, BTC is divisible and portable.
“Bitcoin solves both problems of gold, and gold is equally scarce.
Also, I think Bitcoin will eventually catch the market value of gold.
At this point, the monetary value of gold is about 6 trillion, and BTC can catch up with the market value of gold and replace it.
The monetary equivalent of $6 trillion is about 10 times more than BTC's current value, giving us a clue that BTC could reach a price of around $300,000.”
Referring to the BTC halving in 2024, Mark Yusko stated that the price can reach $ 300,000 until the other halving in 2028.
At this point, Yusko, who examined the historical data of BTC based on the halving, said, “We added a zero at every Bitcoin halving, and I think we can reach $ 100,000 by next April.”
Bitcoin continues to be traded at $ 29,273 at the time of writing.
*Not investment advice.