Bitcoin could reach 250,000 USD in 4-5 years

Bitcoin has increased by more than 500% last year, but Morgan Creek's CEO assumes that it could reach 250,000 USD in the next few years.

Mark Yusko, the founder and CEO of Morgan Creek Capital Management, is confident that Bitcoin's price could reach 250,000 USD in the next four to five years. Despite the leading cryptocurrency, this prediction has been achieved in the past few weeks to achieve the $ 60,000 level.

yusko made this prediction while CNBC speak and adds that he believes that Bitcoin has utility functions that go beyond a value memory. " it is about network acceptance and increased use. This is a network, and networks grow exponentially. This is the fastest network in history with 1 trillion US dollar, right after the Faangs, which took 15 to 20 years, depending on which you look at ", Yusko.

The true function of Bitcoin has been the subject of numerous debates in recent years. Although Satoshi Nakamoto Bitcoin has created peer-to-peer currency as a decentralized man, several experts argue that thanks to its massive increase, it has become a value memory in recent years. The increase in value reflects an asset instead of a currency. However, some experts still consider Bitcoin as a currency, since it is accepted as a means of payment worldwide in thousands of business.

Yusko made his prediction based on the current market capitalization of gold. The precious metal has a market capitalization of $ 11 trillion, and Yusko believes that Bitcoin will make up for this in a few years. If Bitcoin can manage half of it, it is traded at least $ 250,000 at the level. " what people miss is that this is a technological development of the computer performance that does not disappear. It is a powerful computer network that will become the basic protocol for the Internet of Value ," he added.

The leading cryptocurrency exceeded gold and other important investment instruments last year.