Mark Yusko, CEO of Morgan Creek Capital, an investment company that is on the rise in Bitcoin and altcoins, announced his Bitcoin expectations.
In a recent interview with crypto influencer Scott Melker, he said that he expects $300 billion of investment in Bitcoin from the older group called Boomers in the next 12 months.
The generation called Boomer includes individuals born between 1946 and 1964.
Yusko, who expects this older group called Boomers to invest $300 billion in BTC through their investment advisors, said that there is an incredible demand for BTC and that it is still not fully priced.
“We're experiencing a pretty significant shift in demand for Bitcoin, and it's not even close to being fully realized yet… It's not priced in at this point.
Over the next 12 months, I think the boomer generation will be investing in Bitcoin through ETFs.
So Boomers have about $30 trillion to manage in investment advisories.
I believe that $300 billion of this money will come into the Bitcoin and cryptocurrency space, which is only 1% of $30 trillion.
This is actually more money than has been converted into Bitcoin in 15 years. This is quite surprising.
So $300 billion means Bitcoin will reach a market value of $6 trillion.”
If Yusko's expectation comes true and BTC reaches a market value of 6 trillion dollars, this increase means that the price of Bitcoin will increase approximately 5 times to 300 thousand dollars.
*This is not investment advice.