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."
Learn more about your ad choices. Visit megaphone.fm/adchoices
Bitcoin News Alerts | Daily BTC Macro Signal