My view from April is unchanged. The #NetworkEffect of #Bitcoin is powerful and all that matters today is securing ownership of the Network, the daily price is just noise… #BuyAndHODL ? https://t.co/FvnIi4jrX1
— Mark W. Yusko (@MarkYusko) July 26, 2018
Other notable investors and industry CEOs have made remarks on the outlook of the highly volatile markets.
Earlier this month, Billionaire hedge fund manager Marc Lasry stated will make five to 10 times their money in three to five years during an interview on CNBC’s Squawk Box. Lasry shared that his current price target for the Bitcoin is $40,000, noting that he has invested 1% of his net worth in the digital asset.
Pantera Capital, an investment firm focused exclusively on blockchain tech & digital currency, has set a price target of $21,000 by the end of 2018, and $67,500 at the end of 2019. The firm is currently using the historical trend line of the logarithmic chart for bitcoin to set its price targets.
Bill Barhydt, the CEO of Abra, an all-in-one cryptocurrency wallet and trading platform, believes we will see Bitcoin at over $50,000 in the long term, especially once more institutional investors start investing in cryptocurrencies. Jeremy Allaire, the CEO of Circle, a Boston-based fintech and investing company, also recently shared his belief that Ethereum was the driving factor behind 2017’s massive cryptocurrency bull run and will be moving forward.
Yusko co-founded Morgan Creek with the crypto influencer and security token advocate, Anthony Pompliano. The firm recently revealed that it has led a seed round investment in CityBlock Capital, a new venture capital firm that works to raise and tokenize funds on a city-by-city basis.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.