Bitcoin Price Headed to $500,000 in Six Years: Hedge Fund Mgr.

July 31, 2018

 

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 Yusko originally made this prediction in April, adding that he expects bitcoin to march to $75,000 by 2020, $200,000 by 2022, and ultimately eclipse $500,000 by the end of 2024.

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