Bitcoin will reach $ 30,000 over the next two years

In an interview with CNBC, Mark Yusko, founder, CEO and investment manager of Morgan Creek Capital Management, said Bitcoin would reach $ 30,000 in the next two years.

“We will definitely return to record values,”

Yusko told Fast Money.

Positive evolution this week

Bitcoin surprised the market this week after he managed to recover the lost ground in previous weeks. Investors are currently enjoying weekly earnings of 30%, while monthly performance has now exceeded 61%.

For Yusko, however, the current activity marks only the start of the Bitcoin action in 2019. He believes the BTC will continue the upward trend well above the 20,000-dollar limit of 2017.

“… I think we are in the next parabolic movement. This will probably lead us to $ 30,000 before we get another correction. “

Bitcoin will reach $ 100,000 by 2021

Mark Yusko repeated the forecast he recently made, arguing that the Bitcoin price could reach $ 100,000 in the medium term, with little effort.

“… The way to $ 100,000 by 2021 is really quite easy,”

he concluded.

Some of Yusko’s arguments are the situation on the traditional financial market. Apparently, he expects stock market prices to fall in the near future.

Another veteran investor, Mark Mobius, has also changed its position towards cryptomonas. In 2017, he claimed that Bitcoin is worthless. Recently, he said that if the price continues to rise, he will also enter the market:

“At the end of the day, there are many people who believe in Bitcoin, and if it continues and grows, it is likely that I should be involved in this market too,

he said in an interview with Bloomberg.

Currently, Bitcoins is traded at around $ 13,000.