Co-founder of the Morgan Creek Digital cryptocurrency hedge fund, Mark Yusko, says that the idea that Bitcoin should fall to zero dollars is no longer feasible at all.
Mark Yusko: BTC for zero dollars? It’s not for real!
In a new interview with The Wolf Of All Streets, Yusko talked about the BTC award.
– With $ 450,000 per coin, people will be freaking out, “Oh, you know, it has to go down to zero from now on.” However, zero is already out of the game – He said.
In his opinion “We have achieved a critical mass of the network effect.”
– We have conquered the world of tradfi (traditional finance) and the analog world that has passed into the world of electronic and centralized economics, and now we will move to a truly digital and decentralized world that is only much better – He said. – Information that we all look at objectively … If we only look at data in terms of adoptions, portfolios, blocks, transactions and uses of these technological innovations, [one] they just grow – Added.
BTC target price
When it comes to Bitcoin’s price target, Yusko believes that BTC is very superior to gold and has the potential to consume the market’s capital value.
– Can Bitcoin then reach this level [tj. ok. pół miliona dolarów], not just for monetary purposes, but as a pure storehouse of wealth and utility value? Yes it can. Raoul Paul first wrote that it can be a million dollars a coin. I kind of adapted it to say that [będzie] it’s actually about half a million dollars for a coin. If it’s 21 million [coinów]a little lost, multiply it and you get $ 8 trillion [kapitalizacji rynkowej] – He said.
Today, however, BTC costs only $ 60,590. This is 2.78 percent. more than a week ago and almost the same as 24 hours ago.
Current Bitcoin exchange rate and other cryptocurrencies, you can always check the tabs: exchange rate Bitcoin and the cryptocurrency exchange rate on bitcoin.pl. A place where you can buy BTC and more coin, includes cryptocurrency exchange Top 250. If you do not have an account on Binance yet, from this article you will learn how to effectively create one: Binance.
