As Bitcoin continues to mark significant gains throughout the entire 2019, it seems that the time has come once again for some bold predictions.
Bitcoin Price At $400,000 in 10 Years
A bold prediction came by the Founder, CEO, and Chief Investment Officer at digital asset management firm Morgan Creek Capital, Mark Yusko.
According to Yusko, Bitcoin’s price will reach a high of $400,000 or even $500,000 within a decade as the digital currency will reach the market capitalization of Gold.
Speaking on the matter, Yusko said:
Gold […] has been hard money for 5,000 years. […] It’s about 7.4 trillion dollars in value. The best thing about Bitcoin is it’s digital gold. It’s much easier to transport; it’s much easier to divide. […] It has all these essential qualities that I think are superior to gold. If we get the amount of value equal to gold, that would be about 7.4 trillion, divide that by 21 million coins, you get around $400,000 per coin, maybe $500,000 per coin. When does that happen? It might be a decade or…