COIN - Bitcoin Could Hit $150K Says Mark Yusko But Not Everyone Agrees It's 'A Better Form Of Gold' | Benzinga
Morgan Creek Capital Management CEO and chief investment officer Mark Yusko on Monday predicted a $150,000 for Bitcoin within a year’s time, even as he advocated a 1% to 3% allocation to the digital currency in one’s portfolio.
What Happened: In an interview with CNBC, he said, “Bitcoin is the king. It is the dominant token. It is a better form of gold,” highlighting Bitcoin’s supremacy and its enhanced value proposition compared to traditional gold.
As the financial markets wrapped up last Thursday, Bitcoin had experienced a notable surge, climbing approximately 159% over the previous year.
The apex cryptocurrency was trading down 1.3% at $69,500 level on Monday afternoon.
“It can go up 10x from here easily over the ...