RATE Group | Here Is the Path to $500k Bitcoin (BTC) According to Hedge Fund Manager Mark Yusko
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Here Is the Path to $500k Bitcoin (BTC) According to Hedge Fund Manager Mark Yusko

31 Jul Here Is the Path to $500k Bitcoin (BTC) According to Hedge Fund Manager Mark Yusko

Posted at 21:08h in Bitcoin News by

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Mark Yusko is a Bitcoin (BTC) bull and CEO of a hedge fund with $1.5 Billion in assets under management. He gives wonderful insights of the crypto markets on his Twitter page. Back in mid-April, he had twitted the following as to what he saw would be the price of value in the next 6 years. The Tweet is as follows:

So how did he get to $500,000?

Yusko explained that it was calculated using the underlying value to estimate what the network value is worth. The network value, according to Yusko, is calculated by taking the hash power of the network, and the number of participants and the amount of money that comes into the network. This is based on a model that was built a number of years ago that uses logarithmic exponential growth since this is how the network grows.

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