RATE Group | Bitcoin Will Hit $500,000 Says Hedge Fund Manager Mark Yusko
36587
wp-singular,post-template-default,single,single-post,postid-36587,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin Will Hit $500,000 Says Hedge Fund Manager Mark Yusko

26 Jul Bitcoin Will Hit $500,000 Says Hedge Fund Manager Mark Yusko

Posted at 18:01h in Bitcoin News by

[ad_1]

Bitcoin Bull Mark Yusko sees prices at half a million dollars in six years. He also expects another correction before the year is out. The CEO and chief investment officer of Morgan Creek Capital Management, handling $1.5 billion in assets, explains if you look at the history of Bitcoin price, this is how it moves. It will have a parabolic move and then a crash, then a parabolic move and a crash, and that’s the way technology is adopted. He tweets:

#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

Bitcoin Parabolic Moves and Crashes

“If you look at [Bitcoin price] history, you know there’s been five parabolic moves or crashes, and we’ll have a 6th, 7th, and 8th, and 9th, and it is just the way it works. So I don’t think you need a big event, and you’ve seen it in the past couple of weeks, right? As soon as the price starts to run. Those people…

[ad_2]

Source link