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1124: HEDGE FUND VETERAN PREDICTS BITCOIN WILL REPLACE GOLD, UNVEILS MASSIVE BTC PRICE TARGET!!
FromCrypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
1124: HEDGE FUND VETERAN PREDICTS BITCOIN WILL REPLACE GOLD, UNVEILS MASSIVE BTC PRICE TARGET!!
FromCrypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
ratings:
Length:
34 minutes
Released:
Dec 5, 2022
Format:
Podcast episode
Description
Seasoned hedge fund manager Mark Yusko of Morgan Creek Digital says that Bitcoin will eventually replace gold, and predicts the king crypto (BTC) will hit a six-figure price tag.
Yusko says Bitcoin is on track to replace gold, largely due to its superior divisibility and portability. Based on the monetary value of gold, he sets a price target of roughly $250,000 BTC in the long run.
"$5 trillion, the monetary value of gold, roughly equals $250,000 price per Bitcoin. Now, it won’t all happen tomorrow, but over time it’s going to happen."
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Yusko says Bitcoin is on track to replace gold, largely due to its superior divisibility and portability. Based on the monetary value of gold, he sets a price target of roughly $250,000 BTC in the long run.
"$5 trillion, the monetary value of gold, roughly equals $250,000 price per Bitcoin. Now, it won’t all happen tomorrow, but over time it’s going to happen."
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Dec 5, 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