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Bitcoins / Breaking News

Expert Claims That Bitcoin Will Rise 6000% In 6 Years, Seriously

As Bitcoin starts to retreat and as the markets start to balance, we may all start to be feeling a little less optimistic about a potential looming bull run. We do know that this is mostly likely down to the SEC decision to reject the Winklevoss application for a Bitcoin ETF but regardless of what’s caused it, it’s happening and unfortunately, there’s not a lot we can do about it at present.

Mark W Yusko, the famed Hedge Fund Manager has recently spoken out about the future of Bitcoin. Within this Yusko believes that actually Bitcoin hasn’t even reached its prime yet and that in six years time, Bitcoin will have risen by as much as 6000%.

Yusko believes that;

By the end of 2018, Bitcoin will reach $25,000.

By the end of 2019, Bitcoin will reach $75,000.

By the end of 2022, Bitcoin will reach $200,000.

Now lets remember that although Yusko does have some financial knowledge and economic authority, he is not an expert. Overall, his words should not be taken as fact, they are simply opinion, based on speculation. Yusko no doubt has some justification for coming out with these predictions but don’t use this as investment advice.

Overall though, a 6000% rise is worth thinking about.

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Adrian has been leading teams in the finance sector for over a decade. He is highly experienced, and is responsible for ensuring that the latest news is delivered to you as it is breaking. He has a keen interest in virtual currencies, and has even made investments himself, so is incredibly passionate when it comes to writing about this topic. He knows the news pieces that are interesting to the reader, so will ensure that he keeps you up to date on all of the relevant news in the cryptocurrency world.