Investor Mark Yusko has held steadfast to the notion that Bitcoin’s price will shoot to $400,000 in the future. The founder and CEO of the North Carolina-based Morgan Creek Capital Management firm states that the cryptocurrency has the potential of gaining value, thanks to its technical infrastructure and other factors that are already inclined in its favor.
Mark Yusko maintains that Bitcoin’s self-sufficient design has given it a disruptive revolutional technological edge. In an interview on Bloomberg, he cites the possibility for people to transact exchanges on blockchains without seeking out banks to confirm the transaction’s validity.
Can’t Trust the Banks
This stand reflects his optimistic position from last month that blockchains are taking over the turf and will soon override banks. He said:
One of my greatest nightmares is that I may wake up one morning and the bank says I have no money. How would I prove that I do? So I think Bitcoin and Blockchain and Ethereum are exciting new technologies
The Math is Quite Simple
But how is Yusko so sure that Bitcoin will crank it all the way up to $400,000? He credits it all in the simple fact …
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