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Bitcoin To $250,000? Here s What Inspires This Analyst s Lofty Price Target

Apex cryptocurrency Bitcoin (BTC) could reach $250,000 within five years, according to analyst Mark Yusko. What Happened: Yusko, the founder and chief investment officer at Morgan Creek Capital Management, said Friday on CNBC’s Trading Nation that network adoption and increased usage could help Bitcoin reach the lofty $250,000 target. “This is the fastest network in history to a trillion dollars of value, right on the heels of the FAANGs that took, you know, 15 to 20 years depending on which one you look at,” the analyst said. Yusko’s target of Bitcoin reaching $250k is based on a gold equivalence. If gold’s value is $4 trillion, digital gold should also reach that value, he argued.

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جريدة البلاد | مدير أصول عالمي يتوقع وصول بيتكوين إلى 250 ألف دولار لهذه الأسباب!

جريدة البلاد | مدير أصول عالمي يتوقع وصول بيتكوين إلى 250 ألف دولار لهذه الأسباب!
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This Bitcoin Misconception Could Be What Takes It to $250k, According to Morgan Creek s Yusko

It s just about network adoption and increased usage, Yusko told CNBC s Trading Nation on Friday. This is a network and networks grow in an exponential way. This is the fastest network in history to a trillion dollars of value, right on the heels of the FAANGS that took, you know, 15 to 20 years depending on which one you look at. Yusko bases his $250k target on a gold equivalence. If gold s monetary value is $4 trillion, then digital gold should move up to that total – a sum that puts the price at a quarter of a $1 million per coin. What people miss is this is a technological evolution of computing power that isn t going away, he said. It is a powerful computing network that is going to become the base layer protocol for the Internet of value.

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Why bitcoin is more than a token of value, according to Morgan Creek s Yusko

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Deals of the week May 4 to May 7 – a GrowthBusiness roundup

Deals of the week May 4 to May 7 – a GrowthBusiness roundup 7 May 2021 Growth Business roundup of Deals of the Week, May 4 to May 7, listing seed funding, venture capital and crowdfunding deals of note Octopus wraps around £8m insurtech Series A Octopus Ventures has a led a £8m Series A round for Sprout.ai, the insurtech which enables insurers to settle claims within 24 hours. Other investors in the round were Amadeus Capital Partners, Playfair Capital and Techstars. Sprout.ai clients include insurance giant Zurich. Fixr boogies with £6.5m investment Fixr, the digital events and ticketing platform, has raised £6.5m from investors for its white-label advance ticketing service. Investors include FSE Group, Armajaro Holdings, Smith & Williamson and Carlisle Commerce Group. Rekom UK, Britain’s biggest nightclub operator in terms of floorspace, has signed up for Fixr’s ticketing solution as the country prepares for nightclubs to reopen.

Morgan creekUnited statesUnited kingdomCity ofSmith williamsonClear bankHome officeArmajaro holdingsBritish growth fundCarlisle commerce groupCapital groupTampa internationalAmadeus capital partnersPlayfair capitalCarlisle commerceRekom united kingdom