Bitcoin Market to See Capital Influx of $300 Billion: Morgan Creek CEO
A few hours ago, Bitcoin dropped below the $26,000 threshold and created a low of around $25,987. However, many in the community believe that BTC’s “fair value” is much higher. According to Mark Yusko, founder and CEO of Morgan Creek Capital Management, the largest crypto asset “fair value” currently stands at $100,000, despite its market price hovering around $25,000–$26,000. Using past precedents, Yusko pointed out that Bitcoin’s value increased from $100 to $1,000 and then from $1,000 to $10,000 following halving cycles in the past. In fact, he labeled these surges “parabolic blow-off tops.” Also Read: Bitcoin ROI ‘Close’ to Tesla, Nvidia Holding Bitcoin Has Been Profitable 86% of the Time At the beginning of September, UTXO Management’s Dylan LeClair pointed out that a major chunk of BTC’s circulating supply remains untouched. Specifically, in the one-month timeframe, only 5.4% of the circulating supply was moved. This marked an all-ti...