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News: Morgan Creek’s Mark Yusko Explains His $400,000 Bitcoin Price Prediction





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Transcript:

0:00:00 Morgan Creek’s Mark Yusko Explains His $400,000 Bitcoin Price Prediction

0:00:06 This update is brought to you by “CoinCheckup News Updates” and was originally published on “NewsBTC”.

0:00:12 Bitcoin’s gradually developing infrastructure could send its value to $400,000, according to Mark Yusko.

0:00:19 The Morgan Creek Capital Founder told BloxLive TV that the world’s largest cryptocurrency was perhaps a decade away from becoming a Digital Gold.

0:00:28 He explained that Bitcoin was gaining adoption in similar ways the yellow metal did over the gone centuries.

0:00:34 But the cryptocurrency was few steps ahead Gold in terms of use cases.

0:00:38 “Bitcoin is much easier to transport.

0:00:41 It is much easier to divide.

0:00:43 It is tough to break a bar Gold into its component pieces.

0:00:47 It was truly a pleasure interviewing @MarkYusko on @BloxliveTV .

0:00:52 Mark, thank you so much again!

0:00:54 Yusko envisioned a scenario where the Bitcoin network would inherit the entire Gold market valuation, which is around $7.3 trillion.

0:01:03 He then divided the yellow metal’s total market capitalization with Bitcoin’s total supply of 21 million units.

0:01:10 A rough estimate priced bitcoin at a rate of $400,000 per unit which, added Yusko, could as well be $500,000, given a portion of bitcoins were lost forever.

0:01:20 Yusko’s statements came at a time when prominent economists and legendary investors were sidelining bitcoin owing to its alleged lack of use case.

0:01:29 Billionaire investor Warren Buffett, for instance, called bitcoin “a gambling device” that sits there without producing anything useful.

0:01:36 American-Iranian economist Nouriel Roubini went a step further and called bitcoin “the mother and father of bubbles,” while recently debating billionaire bitcoin bull Mike Novogratz at the SALT 2019 conference in Las Vegas.

0:01:49 Thanks for watching this video!
If you wanna read the whole article you can go to CoinCheckup.com or go to: “NewsBTC”, who originally published this news update on their website.

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2 comments

  1. There are currently about 50 million Bitcoin users. In Dec 1996 there were 36million Internet users and 4 years later in Dec2000 there were 360 million. Ten times the increase in users equals 100x increase in value for the network. We are seeing on average about 3.75x annual return, and that corresponds to the doubling of users every year so far, so the math is correct! Also, between 1990 and 1996 it took 6 years for the Internet users to get from 0 to 36 million and back then world population was 6billion. Bitcoin has 50million users after 10 years but the adoption increase rate is just about the same because today only the 4.2billion people with Internet connection tend to buy BTC. If history rhymes, it really looks like John McAfee or Tim Draper's price predictions could most likely be correct! These are the early days; we are the top 1%! IMHO the only thing that could derail Bitcoin, is the custody, and futures, and ETFs, and all that complicated mambo jumbo from "the legitimate institutions" which don't have an actual Bitcoin but will still sell you one nevertheless! "Your keys–your BTC; not your keys–not your BTC" Andreas Antonopoulos.? .I came across a channel where high recommendations and accolades where given to Mr Fedor Vsevolod for his good trade guidance and strategy on how to trade, someone said he makes more than 6.5 Btc weekly with just 1 btc placed on trading daily, I was filled with disbelief but I contact him on and behold my first day trading, I was able to make more than what I have lost in crypto , over 5.9 Btc in seven days now, if you are still losing a lot and you want help you can simply send him request and consultations on His contacts are @<<fedorbvsevolod@Gmail,Com>> and send my blessings to him he changed my life…

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  2. HODL

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