Bitcoin Price Will Hit $500,000 Cause it Beats Gold: Hedge Fund Chief

The bitcoin bull market is here, as the price of the flagship cryptocurrency has shot through $7,400 and it seems all set to go higher.

Bitcoin bulls estimate that the price of each coin could hit $20,000 very soon thanks to rising demand. But there are some who believe that the price of bitcoin could very well go on to hit cool six-figure sums in the future, including Morgan Creek Digital CEO Mark Yusko.

Morgan Creek Digital is an asset management firm that invests in the blockchain industry, and its co-founder is a well-known bitcoin bull with big price estimates.

Reference: https://www.ccn.com/bitcoin-price-500000-beats-gold-mark-yusko

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Author: Neo Anderson

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