Mark Yusko, founder and CEO of Morgan Creek Capital Management, predicts that bitcoin prices will rise to $400,000.
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His company oversees approximately 3.7 billion in assets.
Yusko first invested into the cryptocurrency in 2011 but regrets not purchasing more.
The lack of support among traditional banking authorities has been seen with the recent success of the technology, but Yusko is “not surprised at all” that these officials would share a common negative view of bitcoin.
“This will change the supply and demand equation for banking. It is that big. I’m not surprised at all that bankers, financiers and Saudi Princes are coming out against it. This is a truly disruptive technology,” said Yusko.
He then likened Blockchain and Bitcoin to the Internet thirty years ago, stating that it will “change everything.”