Bitcoin (BTC) May Hit $250K, Predicts Morgan Creek Capital Founder

Many believe Bitcoin will bounce back to break the $60,000 price mark. But Mark Yusko seems to have a bigger picture of the token’s future price. Mark Yusko is the CEO, founder, and chief investment officer of Morgan Creek Capital. In his speech, the price of Bitcoin could get to $250,000 in the next five years. One reason for this possibility is that Bitcoin has gone past being a valued token. Unfortunately, many investors fail to see it from this perspective. He revealed this information in an interview held in June 2021. Related Reading: Bitcoin Supply In Profit Continues Decline, But Still Not At Historical Bottom Zone As per the recent industry gossip, Yusko still stands his ground on the future price of Bitcoin. BTC Historical Performance (Halving Events) There’s another way to look at the possibility of Bitcoin’s massive growth in the future, says Yusko. This has to do with its historical performance for every halving event it experiences. Bitcoin follows a particular trend of adding a zero for each halving event. The halving brought it to $10; after the second, it became $100. The third and fourth halving brought to $1,000 and $10,000, respectively. In light of this, the next possible price of the token will be $100,000. Briefing On Bitcoin Price History Despite the bearish market, it’s clear that Bitcoin has witnessed significant growth from the time of launch till date. In 2013, BTC hit $100 for the first...