23 min listen
1072: MORGAN CREEK CAPITAL CEO DOUBLES DOWN ON $250K BITCOIN PREDICTION - HERE’S WHEN!!
FromCrypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
1072: MORGAN CREEK CAPITAL CEO DOUBLES DOWN ON $250K BITCOIN PREDICTION - HERE’S WHEN!!
FromCrypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
ratings:
Length:
39 minutes
Released:
Oct 12, 2022
Format:
Podcast episode
Description
Morgan Creek Capital CEO Mark Yusko remains confident that the Bitcoin price is still going to reach $250,000 (as he has predicted several times in the past):
“I absolutely positively believe that Bitcoin is digital gold… I think it is a better form of value storage. I absolutely believe that. Gold – $10 trillion above ground. Half of it [is] in jewelry and chalices – that doesn’t count. The monetary value of gold [is] about $5 trillion.
So $5 trillion from [BTC’s market cap of] $400 billion today, that’s [a] 10x. [A] 10x from here at $20,000 is $200,000. Round it, my numbers are off a little bit, to that $250,000 number. Seems easy to me to get to $250,000 because you got a few lost or stolen coins. No problem...
Every halving we had a zero – first halving was $10, second halving was $100, third halving was a $1,000 [and] fourth halving was $10,000, so that means that next halving is $100,000.“
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“I absolutely positively believe that Bitcoin is digital gold… I think it is a better form of value storage. I absolutely believe that. Gold – $10 trillion above ground. Half of it [is] in jewelry and chalices – that doesn’t count. The monetary value of gold [is] about $5 trillion.
So $5 trillion from [BTC’s market cap of] $400 billion today, that’s [a] 10x. [A] 10x from here at $20,000 is $200,000. Round it, my numbers are off a little bit, to that $250,000 number. Seems easy to me to get to $250,000 because you got a few lost or stolen coins. No problem...
Every halving we had a zero – first halving was $10, second halving was $100, third halving was a $1,000 [and] fourth halving was $10,000, so that means that next halving is $100,000.“
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Oct 12, 2022
Format:
Podcast episode
Titles in the series (100)
656: AMAZON READY TO DEPLOY BITCOIN PAYMENTS?!! BTC BLAST THROUGH $44K, HITTING HIGHEST PRICE SINCE MAY!!: Amazon denied reports it will accept Bitcoin payments soon, but seemingly, it’s only a matter of time before the tech giants embrace the token economy. Maybe Amazon really isn’t preparing to accept BTC as payment for its goods and services before... by Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News