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%.
My view from April is unchanged. The #NetworkEffect of #Bitcoin is powerful and all that matters today is securing ownership of the Network, the daily price is just noise… #BuyAndHODL ? https://t.co/FvnIi4jrX1
— Mark W. Yusko (@MarkYusko) 26 July 2018
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.