The founder of Morgan Creek Capital Management, Mark Yusko, says Bitcoin won’t hit another correction until BTC reaches $30,000.
In a new interview on CNBC’s Fast Money, Yusko says he also sees a path that pushes BTC to $100,000 by 2021.
“We’re definitely going to reclaim all-time highs. Over the past nine months since we were together on October 7th, Bitcoin is up 70%. It’s the best performing asset class this year.
And remember we were also together on December 13th on your show in the afternoon and we talked about if $3,100 is the bottom. Look, that’s a long way below here and I think we’re in the next parabolic move that will take us probably into the $30,000 level before we get another correction. I just did a webinar today talking about the path to $100,000 by 2021 is really quite easy to draw out.”