“To the moon”, the return? One of those little signs that we seem to be out of the crypto winter of 2022 is the return of more and more forecasts very (too?) optimistic bitcoin (BTC) price. This time it’s the founder of the big asset manager Morgan Creek Capital Management which sees the king of cryptocurrencies reach new heights: even $300,000 the unit from here to five years.
Will the next halving offer a new lunar rise for BTC?
While the prices of Bitcoin fight under the $30,000 at the time of this writing, some see the invention of Satoshi Nakamoto even rise beyond its former highs, towards $69,000 per BTC (reached in November 2021).
This is particularly the case of Mark Yusko, the founder and current CEO of Morgan Creek Capital Management. The boss of this asset management giant recently spoke on the show First Mover from CoinDesk TV. And as much to say right away that he is more than bullish (bullish) for the future of Bitcoin. Already, from 2024 and the next halving of the BTC network, Mark Yusko thinks we will see the queen of cryptocurrencies for the first time display six dollar digits.
” Whenever [les récompenses de minage de bitcoins] were halved by the halving, we added a zero [à la valeur du BTC]. And by April [2024], I think we could hit $100,000. »
Mark Yusko
Bitcoin, on the way to a gigantic x10 by 2028?
The Morgan Creek Capital executive goes even further in his optimism for Bitcoin on the long term. Indeed, during the same interview, he estimates that the BTC could go from around 30,000 dollars currently to $300,000 within five years.
For this last (and more than audacious) price prediction, Mark Yusko hypothesizes that digital gold Bitcoin could completely replace the gold market, the precious metal.
“Bitcoin solves both problems [de divisibilité et de facilité de transport] gold and is equally rare. (…) The monetary value of gold is approximately $6 trillion. I think bitcoin can replace all of that. The monetary equivalent of $6 trillion would be approximately x10 to [la valorisation actuelle des BTC]which gives us a price of around $300,000 [pour un bitcoin]. »
Mark Yusko
If seeing Bitcoin reach $300,000 already seems huge, others are showing an even more impressive optimism (fanaticism?). In effect, Cathie Woodfund manager ARK Investmentsees BTC rising to a range $625,000 to $1.5 million. ” To the moon March ? »
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