Hedge fund manager and cryptocurrency bull Mark Yusko said that he is standing by his prediction that the bitcoin price will reach $500,000 in six years.
The year is more than halfway over, but hedge fund manager Mark Yusko isn’t backing down from his prediction that the bitcoin price will reach a new all-time high in 2018, the first rumble of a moonshot that will see the flagship cryptocurrency crack the six-figure threshold in less than a decade.
Writing on Twitter, Mark Yusko, the founder of North Carolina-based Morgan Creek Capital Management, said that he is sticking by his year-end price target of $25,000. Yusko originally made this prediction in April, adding that he expects bitcoin to march to $75,000 by 2020, $200,000 by 2022, and ultimately eclipse $500,000 by the end of 2024.
Source/More: Bitcoin Price Headed to $500,000 in Six Years: Hedge Fund Mgr.