Chicago Mercantile Exchange (CME) announced it would add Bitcoin’s full-term operations in the fourth quarter of 2017. Bitcoin’s price has almost instantly gone up in the news, hitting record highs of more than $ 7,500.
However, the cancellation of SegWit2x led to a sudden drop in the price, and potential investors were frightened by previous predictions of high price. However, Mark Yusko, founder and CEO of Morgan Creek Capital Management ($ 3.7 billion in assets under management) did not hesitate to make predictions, suggesting that Bitcoin will ultimately be worth $ 400,000.
The investor guru first bought in the cryptocurrency scene in 2011, but regrets not buying more. The future was clear, despite the lack of support among institutional bankers. He noticed:
“This will change the equation of supply and demand for the banking sector, it’s huge, I’m not surprised that Saudi bankers, financiers and princes get away with it, it’s a really disruptive technology.”
Yusko compared Blockchain and Bitcoin with the Internet thirty years ago, noting that he has the same ability to “change everything”. Your noble prediction is for the long-term cryptocurrency.