Morgan Creek Capital CEO Mark Yusko has predicted that Bitcoin could hit $250,000 in the next four or five years. Regardless of Bitcoin’s high volatility, Yusko believes that the king coin has more potential than ever.
According to CNBC, the CEO’s bullish prediction stems from equating the asset with gold. Speaking further on Bitcoin’s value, Yusko said that several investors overlook and underestimate the coin.
In an interview with CNBC, the CEO stated:
“It’s just about network adoption and increased usage. This is a network and networks grow in an exponential way. This is the fastest network in history to a trillion dollars of value, right on the heels of the FAANG that took, you know, 15 to 20 years depending on which one you look at.”
Yusko referred to Bitcoin as a “powerful computing network that is going to become the base layer protocol for the Internet of Value.”
Several other cryptocurrencies have spiked since the year began. Apart from Bitcoin, ETH also surged. Increases were also seen with Litecoin and Dogecoin also jumped.
ETH is currently down 2.69% to $3,827 after recently hitting an all-time high of over $4,100. Litecoin is trading at $339, while Dogecoin is at $0.4469. DOGE, which was formerly ranked 4th on CoinMarketCap, is now ranked 5th.
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