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Author Topic: Bitcoin $400,000 Says Investing Guru Mark Yusko  (Read 229 times)
bitcoinveda
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November 11, 2017, 07:03:55 PM
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The Chicago Mercantile Exchange (CME) has announced it will add Bitcoin futures trading in the fourth quarter of 2017. Bitcoin price almost instantaneously jumped on the news, reaching all-time highs over $7,500.

However, the cancellation of SegWit2x has led to a sudden slump in the price, and would-be investors have been scared away from previous high priced predictions. However, Mark Yusko, founder, and CEO of Morgan Creek Capital Management ($3.7 bln in assets under management) has not shied away from making predictions, suggesting that Bitcoin will eventually be worth $400,000.

The investing guru first bought into the cryptocurrency scene in 2011 but regrets not purchasing more. He was clear about the future, however, in spite of the lack of support among institutional bankers. He noted:

"This will change the supply and demand equation for banking. It is that big. I'm not surprised at all that bankers, financiers and Saudi Princes are coming out against it. This is a truly disruptive technology.”

Yusko compared Blockchain and Bitcoin to the Internet thirty years ago, noting that it has the same capacity to ‘change everything.’ His lofty prediction is for the long term of the cryptocurrency.

https://cointelegraph.com/news/bitcoin-400000-says-investing-guru-mark-yusko

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November 11, 2017, 07:19:04 PM
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Here is the wrong mindset of people who are planning to buy Bitcoin for profit, because when the prices are in an all time high all they see is that it is too late to be on action but when the prices goes down they will see that it is all over now to profit with Bitcoin. The problem here is that the uncertainties is created by people who lack knowledge about trading as they really don't have any plan in action. First time hearing a CEO of an investment company who had "invest" in Bitcoin even though its future is not clear yet, giving a price of 400,000$ is really too much as the prediction don't have any basis to support it.

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November 11, 2017, 07:44:55 PM
 #3

I believe that!
From 2015 to 2017 bitcoin had +3000%. I bet that 2018 to 2020 will the better.
But to hits $400k i think it can take more years.

More people and country is know about Bitcoin now. Every day have a lot of new users.
We can expect a market cap with $1 trilion.

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