Mark Yusko: Bitcoin will reach $250k in The Next 5 Years

Mark Yusko

After reaching an all-time high of $69,044 in November 2021, Bitcoin lost more than 30% of its value and is now trading at over $46k.

Mark Yusko, head of the hedge fund at investment firm Morgan Creek Capital Management, insists that the ‘turbulence” in Bitcoin does not affect its long-term growth prospects. The investor insists that Bitcoin will reach $250k in the next 5 years.

“Interestingly, in the short term, when prices fall as they have in recent weeks, people start to get a little uncomfortable and start to doubt the long-term prospects,” the expert said, stressing that the cryptocurrency’s current price is disorienting.

“If we look at the price of Bitcoin in dollars, it is now significantly higher than it was at the beginning of the year. It’s much higher than a year ago, two years ago, 10 years ago, or at the beginning. This is not necessarily because Bitcoin has improved […] but because the dollar continues to depreciate, the yen continues to depreciate, the euro continues to depreciate,” said Yusko.

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