After the decline in Bitcoin, BTC’s end-of-year target of $100,000 was shelved, and price targets for 2022 began to be discussed.
Bitcoin supporter Morgan Creek Capital Management CEO Mark Yusko reiterated in his recent interview with Forkast.News that he expects Bitcoin to reach $250,000 in the next 5 years.
Bitcoin’s Price Doesn’t Reflect the Truth!
Stating that the short-term declines in the Bitcoin and crypto market make investors nervous, Yusko continued his words as follows:
“It is absurd that investors are worried about the price drop and are starting to question their long-term investment trends because the current price of Bitcoin is a lie. In this context, the current price of Bitcoin cannot be an indicator of the future performance of cryptocurrencies.”
The famous CEO argued that the low price of Bitcoin in dollars is ridiculous and the current price does not reflect the true value of BTC.
Mark Yusko, who attributes the decline in Bitcoin to the Bitcoin futures ETF “What a Bitcoin futures ETF does is allow a paper version of Bitcoin to be created that is completely independent of the 21 million supply. In this context, I believe a Bitcoin futures ETF drives the price down.” said.
Pointing out that Bitcoin’s adoption rate, and indeed its value, continues to increase, Mark Yusko suggested that investors “do not follow the money”, saying that the true value of Bitcoin is not visible due to the decline in fiat currencies.
Everything Will Be Tokenized!
Saying that everything in the world will be tokenized, Yusko stated that all the dollars in the world will be digitized and trade will now be made with these tokens.
The famous CEO added that everything and every artifact we own, from dollars to IDs, from marriage certificates to driver’s licenses, will be an NFT.
*Not investment advice.