Hedge Fund CEO Mark Yusko Sees Bitcoin Price at $500,000 in 6 Years

2018-7-27 22:59

Bitcoin Price Could Hit $500,000 USD, Affirms Hedge Fund Manager Mark Yusko

As the price of Bitcoin started to rise again, there is no shortage of predictions that the price of the token will exponentially go up. According to the CEO and chief of investment of Morgan Creek Capital Management, Bull Mark Yusko, which is a well-known Bitcoin bull, the token might reach half a billion USD in six years.

According to him, you need to see how the Bitcoin prices move to understand the prediction. It is all about how they have a parabolic move and then crashes constantly, having other parabolic moves and then repeats this pattern.

This is why, in his opinion, the token will reach a price of $25,000 USD at the end of 2018, crash, $75,000 USD at 2020, crash again, $200,000 USD at 2022, crash once more and then finally rise to $500,000 USD at the end of 2024.

A Look On Bitcoin’s Parabolic Moves and Recurring Crashes

Yusko’s theory is actually very simple. At the moment, Bitcoin has been victim to five parabolic moves and crashes soon after. You do not even need a big event. The market, according to him, is very cyclic. Because of this, there is always people waiting in the sidelines to make sure that the bear market will eventually come back.

You get these parabolic moves because they sell when the price is high, cash out and they wait until the token is almost dead to buy a lot again. There are a lot of people waiting for the SEC to approve ETF Bitcoin-related funds too, which the institution will possibly do soon into the future.

However, Yusko does not believe that the SEC will approve the ETFs and the market will see some disappointment with the prices falling again before they will rise a lot in the last quarter of the year.

Yusko explains that he got to the $500,000 USD value by using the underlying value to estimate the value of the whole network. You just have to take the hash power of the network and the number of participants to discover this number. He created this figure based on an old model that was built years ago to use logarithmic exponential growth.

Anthony Pompliano Believes Bitcoin Can Reach $50,000 USD this year

Yusko has also commented about Anthony Pompliano, known as “Pomp”, which was a managing partner a Full Tilt, which was acquired by Morgan Creek Capital Management about 18 months ago.

According to Pomp, which is even more bullish on Bitcoin than Yusko, the prices will reach $50,000 USD this year. He has confidence in this number and has some experience in the market, so who knows, maybe his prediction, which is the double than Yusko is right. We’ll have to wait and see.

#Bitcoin is #JustGettingWarmedUp
$25,000 end of 2018
$75,000 end of 2020
$200,000 end of 2022
$500,000 end of 2024 https://t.co/3ZarEFIRxH

— Mark W. Yusko (@MarkYusko) April 21, 2018

origin »

Bitcoin (BTC) на Currencies.ru

$ 83944.37 (-0.12%)
Объем 24H $24.795b
Изменеия 24h: 1.45 %, 7d: 6.23 %
Cегодня L: $83896.74 - H: $84193.45
Капитализация $1665.311b Rank 1
Цена в час новости $ 8007.46 (948.33%)

price bitcoin yusko mark hedge 500 ceo

Источник: bitcoinexchangeguide.com

price bitcoin → Результатов: 126


Bitcoin Price Holds Above $96,000 — Analyst Explains This Level’s Significance

The Bitcoin price appears to have settled within the $92,000 – $102,000 consolidation range, sparking discussions about the coin’s future trajectory. While it remains unclear whether the premier cryptocurrency has enough momentum to forge new all-time highs soon, it would take significant bearish pressure to pull down the BTC price.

2025-2-9 16:00


Bitcoin Price Struggles With Liquidity Blocks From $86,000 To $104,000, Analyst Reveals The Logical Thing To Do

The Bitcoin price has spent the majority of the past seven days consolidating around the $94,000 mark with signs of a break to either side. According to a crypto analyst, Bitcoin’s recent price movements have led to the creation of liquidity blocks observed between the $86,000 to $104,000 range, which raises an equal likelihood of a bounce towards $104,000 or a downside break to $86,000 from the current price.

2025-1-13 14:00


Bitcoin price analysis: economic headwinds push price lower

Bitcoin tested the $92,000 level yesterday after falling from a weekly high of $102,000 as sell pressures mounted Macroeconomic factors cause doubts about the market strength as sticky inflation becomes a concern Spot crypto ETFs logged large outflows on Wednesday following the release of the Fed meeting notes Bitcoin’s price has fallen from a high […] The post Bitcoin price analysis: economic headwinds push price lower appeared first on CoinJournal.

2025-1-11 17:48


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

COMP at a critical level - Will it see a steep drop to $23?

On the chart, COMP is at a critical level that could lead to an intense price drop in the coming days. Sentiment indicates that sellers are not holding back, continuing to offload COMP as confiThe post COMP at a critical level - Will it see a steep drop to $23? appeared first on AMBCrypto.

Altcoins rise higher as crypto liquidations stay unusually low - What now?

Altcoins are rallying despite a sharp drop in liquidations, suggesting spot demand over leverage. Reduced liquidations indicate a shift to cautious, long-term positioning and a more stable markThe post Altcoins rise higher as crypto liquidations stay unusually low - What now? appeared first on AMBCrypto.