Co-founder of the Morgan Creek Digital cryptocurrency hedge fund, Mark Yusko, says the idea of Bitcoin dropping to zero dollars is no longer a reality at all.
Mark Yusko: BTC for zero dollars? It’s not real!
In a new interview with The Wolf Of All StreetsYusko talked about the BTC price.
– At $ 450,000 per coin, people are going to go freaking out, “Oh, you know, it’s got 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 finance, and now we are going to move to a truly digital and decentralized world that is just 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 use cases of these technological innovations, [one] they just grow – added.
BTC target price
As for Bitcoin’s price target, Yusko believes BTC is far superior to gold and has the potential to consume the bullion market capitalization.
– Could Bitcoin then reach this level [tj. ok. pół miliona dolarów], not only for monetary purposes, but as a pure storehouse of wealth and use value? Yes it can. Raoul Paul first wrote that it could be a million dollars a coin. I kind of adapted this to say that [będzie] that’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 dollars [kapitalizacji rynkowej] – He said.
Today, however, BTC only costs $ 60,590. It’s about 2.78 percent. more than a week ago and almost the same as 24 hours ago.
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