Bitcoin BTC 1.15%, the world’s largest cryptocurrency by market cap, could hit $300,000 by 2028, Mark Yusko, founder and chief executive of Morgan Creek Capital Management, told CoinDesk TV.
Morgan Creek manages assets worth $1.6 billion, a prediction Yusko made when comparing Bitcoin to gold.
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He explained that gold is not portable or divisible, while bitcoin is, adding Yusko: Bitcoin solves both problems and is equally scarce.
The monetary value of gold is about 6 trillion dollars, I think bitcoin can replace all of them, and reach 10 times that number, by 2028, bitcoin price may reach 300,000 dollars, at which time bitcoin will experience another decline half event.
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