The CEO of Morgan Creek Capital Management, Mark Yusko, is confident that the value of bitcoin will renew its all-time high in the current market cycle. He made this assumption on the air of CNBC.
“I think we are in the next parabolic move. It will likely lead us to the $ 30,000 level before another small correction happens, ”Yusko suggested.
He noted that since October 2018, the price of bitcoin has soared by 70%, while the stock market quotes have remained practically unchanged during this time.
The founder and CEO of Morgan Creek did not stop at his short-term prediction and said that "in fact, one can easily see the path of Bitcoin to $ 100,000 by 2021"