Crypto fund manager and famous investor Mark Yusko talked about Bitcoin price on a YouTube channel. Yusko, who is the CEO of Morgan Ceek Capital, of which he is the founder, shared an optimistic forecast for BTC.
The Morgan Ceek executive set a goal for himself, calculating that the market cap of Bitcoin would one day be equivalent to gold. Yusko commented that if such a scenario becomes a reality, the BTC price will rise to $ 330,000.
The famous investor thinks that there is basically no significant difference between gold and Bitcoin. In fact, BTC is superior to the precious metal in that it is easy to transport and transfer. Yusko reinforced this argument with the following example:
“If I wanted to send you a Bitcoin, I would do it with two clicks on the computer. However, if I want to send half of a gold bar, there are many obstacles. How to bring gold to the desired scale? Let’s say I have overcome this problem with the equipment, how will we do the physical transfer?”
Real Value of Gold
Morgan Ceek CEO presented an argument stating that the market value of gold is $12 trillion. Yusko claimed that half of this value is used for non-monetary areas (jewelry, etc.), and the real monetary value of gold is 6 trillion dollars.
Although the famous investor was sure of the price target he set for Bitcoin, he did not make a clear comment on when it would come true.
Bitcoin BTC USD chart.BTC currently finds buyers at $29,700. However, for Yusko’s goal to be real, the Bitcoin price must rise 10 times.
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