Bitcoin To Hit $400,000 Soon Says Investing Guru Mark Yusko

Bitcoin To Hit $400,000 Soon Says Investing Guru Mark Yusko

Bitcoin
November 11, 2017 by Bitzamp
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The Chicago Mercantile Exchange (CME) has announced it will add Bitcoin futures trading in the fourth quarter of 2017. Bitcoin price almost instantaneously jumped on the news, reaching all-time highs over $7,500. Join Our Telegram Channel To Get Daily Analysis And News Of Altcoins & Bitcoins However, the cancellation of SegWit2x has led to a
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The Chicago Mercantile Exchange (CME) has announced it will add Bitcoin futures trading in the fourth quarter of 2017. Bitcoin price almost instantaneously jumped on the news, reaching all-time highs over $7,500.

Join Our Telegram Channel To Get Daily Analysis And News Of Altcoins & Bitcoins

However, the cancellation of SegWit2x has led to a sudden slump in the price, and would-be investors have been scared away from previous high priced predictions. However, Mark Yusko, founder and CEO of Morgan Creek Capital Management ($3.7 bln in assets under management) has not shied away from making predictions, suggesting that Bitcoin will eventually be worth $400,000.

The investing guru first bought into the cryptocurrency scene in 2011 but regrets not purchasing more. He was clear about the future, however, in spite of the lack of support among institutional bankers. He noted:

Join Our Telegram Channel To Get Daily Analysis And News Of Altcoins & Bitcoins

“This will change the supply and demand equation for banking. It is that big. I’m not surprised at all that bankers, financiers and Saudi Princes are coming out against it. This is a truly disruptive technology.”

Yusko compared Blockchain and Bitcoin to the Internet thirty years ago, noting that it has the same capacity to ‘change everything.’ His lofty prediction is for the long term of the cryptocurrency.

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