Bitcoin Is The Best Form Of Money, Says Morgan Creek Capital CEO
Bitcoin is the best form of money and will be the base layer of the internet of value, said Mark Yusko, CEO of Morgan Creek Capital, in an interview with Cointelegraph. Yusko shared his thoughts on Bitcoin, gold, cryptocurrencies, and the barriers to worldwide adoption.
Bitcoin will eat all of gold’s market cap, in Yusko’s opinion, driving the BTC price north of $500,000. But in the short term, bitcoin is set to increase five-fold as it draws in the “liquid” supply of gold, which is valued at around $4 trillion. As a result, Yusko explained, BTC could be worth $250,000 within the next couple of years.
“Financial services is far bigger than information and media and commerce,” he said, referring to the massive market that Bitcoin could tap into as …
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