Mark Yusko, founder and CEO of Morgan Creek Capital, reiterated his expectation that Bitcoin will rise. Participating in crypto podcaster Scott Melker’s program, Yusko said that he thought the largest cryptocurrency would be around 150 thousand dollars in March-April 2025.
“We were gone in 8 weeks”
Stating that Bitcoin went from 10 thousand dollars to 20 thousand dollars in 8 weeks, especially in the last part of 2020, Yusko said, “Everything happened very quickly at that time. “People wanted to make a profit very quickly, but Bitcoin went from 10 thousand dollars to 20 thousand dollars in 8 weeks and then went up to 64 thousand dollars…” he said.
“The older generation will leave 300 billion dollars”
Stating that he believes that the USA’s older generation, also known as the “babay boomer”, will bring $300 billion to Bitcoin through investment advisors over the next 12 months, Yusko said:
“There is incredible demand and it is still not fully priced in. It’s not even priced at all. Over the next 12 months, I think 10 percent of that money will come from financial advisors who control boomers’ money. The Boomer generation has about $30 trillion in total. “1 percent of this money, $300 billion, can come to Bitcoin.”
Yusko also stated that the $300 billion money inflow could increase the market value of Bitcoin to a level of $6 trillion due to its multiplier effect.
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Source: https://uzmancoin.com/abd-bitcoin-baby-boomer-emekli/
