Mark Yusko, the billionaire investor and founder of Morgan Creek Capital, went on Bloomberg News to defend his prediction that Bitcoin will be worth $400,000 in the long term. Yusko’s now-famous prediction made headlines because of its grandiose scale, and the Bloomberg desk staff had questions.
First, when asked about the question of Bitcoin vs. Blockchain technology, Yusko was quick to point out that ‘Bitcoin is a Blockchain,’ and that the argument for having one and not the other was a non-sequitur. He then responded to the question regarding his price point prediction by comparing Bitcoin to gold. He said: […]