Bitcoin $400,000 Says Investing Guru Mark Yusko

gabmen

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Quote from: Wilhelm on January 29, 2019, 07:23:55 AM

Quote from: exstasie on January 26, 2019, 03:25:14 PM

Quote from: Wilhelm on January 25, 2019, 04:28:13 AM

This sounds a lot like the McAfee claim of 250k.... Too good to be true.

$40k would be nice in 2020
$100k would be nice in 2023

As stated before there is no basis for $400k and it's wishful thinking.

When you get down to it, there's no real basis for any valuation. We're all just trying to extrapolate based on the past, which we all know is bullshit in empirical terms. Or we're depending on Metcalfe's Law, which obviously isn't a law at all. We're all just guessing, taking shots in the dark.

The downside limit is zero. There is no limit on the upside. I've been toying with the idea that Bitcoin adoption represents an S-curve that hasn't gone vertical yet. If we hit $13 Million per BTC by 2023, I honestly won't be surprised. Wink

If we hit $13M per Bitcoin, I'll buy you a beer Grin

Lol albeit a little conservative than old man mcafee but just as ambitious. I don't believe they really mean those amounts though they'd seem well tought. Anything that these investing bigwig says would be picked up easily.

Wilhelm

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Quote from: exstasie on January 26, 2019, 03:25:14 PM

Quote from: Wilhelm on January 25, 2019, 04:28:13 AM

This sounds a lot like the McAfee claim of 250k.... Too good to be true.

$40k would be nice in 2020
$100k would be nice in 2023

As stated before there is no basis for $400k and it's wishful thinking.

When you get down to it, there's no real basis for any valuation. We're all just trying to extrapolate based on the past, which we all know is bullshit in empirical terms. Or we're depending on Metcalfe's Law, which obviously isn't a law at all. We're all just guessing, taking shots in the dark.

The downside limit is zero. There is no limit on the upside. I've been toying with the idea that Bitcoin adoption represents an S-curve that hasn't gone vertical yet. If we hit $13 Million per BTC by 2023, I honestly won't be surprised. Wink

If we hit $13M per Bitcoin, I'll buy you a beer Grin

exstasie

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Quote from: 1Referee on January 28, 2019, 09:17:08 AM

I wonder what the selling point will be for most of the OG's, because it surely can't be so that they are all holding their coins endlessly. Most people have a selling point, and that might very well be the next bull run. It's better for the market as a whole to get rid of these holders sooner than later.

The way I see it, with every market cycle, early holders distribute to new investors. That's what these long term accumulation/distribution cycles are when you get down to it.

I definitely don't own as many bitcoins as I did 6 years ago, and I plan to sell a sizeable chunk on the next bull run too. The market organically gets rid of us over time because it's just too damn rational to take profit at some point. I think years of experience watching Bitcoin (especially through these bear markets) has tempered my greed from earlier years a lot. The same is probably true for lots of old hands.

fabiorem

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Both permabulls and permabears are retards.

We will not be in a bear market forever. This is just a repetition of 2015. My guess is that the mining companies are doing this rotation themselves, to distribute the coins. You cant have a functional global currency if only 0.1% of the world population is holding it.

So they dump it to distribute the coins, then pump it so that people have a reason to buy them in the first place.

1Referee

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Quote from: figmentofmyass on January 28, 2019, 01:09:44 AM

based on the relationship among previous ATHs, we should hit six digits during the next bull cycle. that's only a 5x above the december 2017 high.

If we do hit the $100,000 level and we're still dealing with the same speculative shit market, the low could very well be in the 4 digit range. That will be a very painful correction afterwards, while technically the percentages are still more or less the same. Imagine where shitcoins will peak when Bitcoin booms, it will be a massacre like we have never seen before in terms of $$ value vanishing.

I wonder what the selling point will be for most of the OG's, because it surely can't be so that they are all holding their coins endlessly. Most people have a selling point, and that might very well be the next bull run. It's better for the market as a whole to get rid of these holders sooner than later.

figmentofmyass

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Quote from: Jating on January 27, 2019, 07:59:41 PM

Seriously though, this market has proven that anything is possible, no one thought that $19K is reachable at the start of 2017 and yet we achieved it at the end of that year. Same thing as the price goes to its all-time-low in 2018.

the top is always higher than everyone expects---that's why you see people calling tops all the way up. the same goes for the bottom; it's usually lower than everyone expects. that's why the more people that point to $3k and the 200wma, the more nervous i get that another crash is coming.

Quote from: Jating on January 27, 2019, 07:59:41 PM

But yeah I agree that it will take some time though, as adoption grows so is the price, so we will have to wait for like 5-10 years to see the price hitting that magical 6 digits, so only time can tell but hopefully we can get to that levels so haters of bitcoin will be left out in the closet for good.

based on the relationship among previous ATHs, we should hit six digits during the next bull cycle. that's only a 5x above the december 2017 high.

Jating

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Quote from: Permabull on January 23, 2019, 03:00:52 AM

$400k is possible, but not for the next two bull cycles. $400k is possible somewhere in 2035, maybe 2030, but no earlier.

Lol. The permabull has spoken. Grin

Seriously though, this market has proven that anything is possible, no one thought that $19K is reachable at the start of 2017 and yet we achieved it at the end of that year. Same thing as the price goes to its all-time-low in 2018.

But yeah I agree that it will take some time though, as adoption grows so is the price, so we will have to wait for like 5-10 years to see the price hitting that magical 6 digits, so only time can tell but hopefully we can get to that levels so haters of bitcoin will be left out in the closet for good.

MuffinMaster

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Even being the greatest optimists in the world, we must remember that at any moment a new coin can be invented, which will be better than Bitcoin. If this happens, Bitcoin will not be able to get back even up to $10k.

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Quote from: romero121 on January 26, 2019, 04:03:26 AM

Right now the struggle is to reach the $4000 mark, by this time we thinking out for a 100% increased price doesn't make sense. The realistic predictions were outlawed with the steeper price falls. Further price pumps were that easy to take place until there's something big in its path. Maybe it can be adoption, usage or some form of legal usage with government support.

It is not 100%, the 100% increase is 7-8 thousand dollars. It is about 10000% or so, its 400 thousand dollars compared to 4 thousand dollars. Bitcoin is not even 4 thousand dollars so its more than x10.000 times the current price. These people do tell these things not only because they believe it but also because they think it will get them more air time.

Do you think someone who says something like "bitcoin will probably be either 3 thousand dollars or 4 thousand dollars sometime soon" deserves air time or at least looks news worthy ? No. That is something we all know and quite possibly in the realm of reality. However when you say something like "BITCOIN WILL BE 400 THOUSAND DOLLARS" that is really stupid and makes you look like an idiot however also gets you a news time.

exstasie

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Quote from: Wilhelm on January 25, 2019, 04:28:13 AM

This sounds a lot like the McAfee claim of 250k.... Too good to be true.

$40k would be nice in 2020
$100k would be nice in 2023

As stated before there is no basis for $400k and it's wishful thinking.

When you get down to it, there's no real basis for any valuation. We're all just trying to extrapolate based on the past, which we all know is bullshit in empirical terms. Or we're depending on Metcalfe's Law, which obviously isn't a law at all. We're all just guessing, taking shots in the dark.

The downside limit is zero. There is no limit on the upside. I've been toying with the idea that Bitcoin adoption represents an S-curve that hasn't gone vertical yet. If we hit $13 Million per BTC by 2023, I honestly won't be surprised. Wink

davis196

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Mark Yusko is just another bull wannabe clown.It's pontless to discuss the mindless predictions of any person,that has interest of a higher bitcoin price.

Quote from: CentolaNickki on January 22, 2019, 10:39:03 PM

i don't know but i'm very disappointed in this market. in the year 2018 i lost all my money

Well,perhaps you sold at the wrong moment.If you hold some btc,there is still hope.Don't lose hope.

romero121

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Right now the struggle is to reach the $4000 mark, by this time we thinking out for a 100% increased price doesn't make sense. The realistic predictions were outlawed with the steeper price falls. Further price pumps were that easy to take place until there's something big in its path. Maybe it can be adoption, usage or some form of legal usage with government support.

wuvdoll

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Quote from: Wilhelm on January 25, 2019, 04:28:13 AM

$40k would be nice in 2020
$100k would be nice in 2023

People were speculating about $400k by the times of 2017 itself but we are now struggling under $4k even in 2019. You are speculating about 10x growth in next 12 to 24 months but I do always believe anything may happen within this crypto space like extremes of both the end is having equal possibilities here.

Quote from: Wilhelm on January 25, 2019, 04:28:13 AM

As stated before there is no basis for $400k and it's wishful thinking.
I think it is positive FUD to get investors into the game so he can accumulate profits.

No basis required to speculate because we cannot measure the demand with no technical analysis. When more number of people turn their head toward bitcoins, anything may happen. Roughly we may expect exponential growth. Because, we cannot expect how many new investors will be joining when bitcoin turns attractive and how much investments they will bring is also another mystery. Hence, one million dollars per one bitcoin also might be possible in coming years.

arpon11

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This is a professionals' views about what the future hold for us. I remember investing into bitcoin in 2016 and later regret why not buying more when it was below $500 then. Bitcoin has that capacity that internet has as the net has turned the whole world into global village. Bitcoin is seriously holding the future and no matter how we see it, it will come to pass about this predictions. If we have in mind to invest in something that will turn out to be something in future, maybe in ten years to come? Then you should buy bitcoin as little as you can afford now and keep them hidden.

Wilhelm

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This sounds a lot like the McAfee claim of 250k.... Too good to be true.

$40k would be nice in 2020
$100k would be nice in 2023

As stated before there is no basis for $400k and it's wishful thinking.
I think it is positive FUD to get investors into the game so he can accumulate profits.

livingfree

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Quote from: ?? on ??

I really don't see Bitcoin reaching 400K. It would be great as I hold a few but I will hold until we eventually hit $20K if ever and sell some to help my future kids with a college fund.

We'll all be rich if that time comes and we still hold bitcoin. I'm also decided to sell some if we have reached $20,000 again. Thinking that $400,000 is quite high for bitcoin to be reach. Early investors also have thought that $10,000 was far away but bitcoin reached it but still it's very high.

Quote from: Sova_tmb on January 24, 2019, 12:03:03 PM

we can make analogy 3200$ x 16 = 51200 in 2020.

Well bitcoin went up by x20 last 2017.

Sova_tmb

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If watch on the past perods 2011 year : (1$-30$) , 2013 year: (100$ - 1149$) 2017 year : (1000$ - 20000$) we can make analogy 3200$ x 16 = 51200 in 2020.

aoluain

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Quote from: CentolaNickki on January 22, 2019, 10:39:03 PM

i don't know but i'm very disappointed in this market. in the year 2018 i lost all my money

How did you lose all of your "money" ? If you bought bitcoin then and
still hold them now you didnt lose.

Its hard to know how anyone could predict a future price of bitcoin,
it is easy to oick a number and run with it though.

Newbie.

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Quote from: ?? on ??

I just hope things get a good turn on time this year 2019.

It seems to me that all the good for us is just ahead! Previously, stable growth was observed, everything went well. Then there was this euphoria at the end of 2017. After that, Bitcoin has ceased to be so stable. Therefore, the price that can be observed now is just the process of restoring Bitcoin equilibrium. The settlement of how the equilibrium point will be reached, Bitcoin will gradually begin to rise, as people continue to invest their money in it.

Permabull

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$400k is possible, but not for the next two bull cycles. $400k is possible somewhere in 2035, maybe 2030, but no earlier.

Herbert2020

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Quote from: kelz1 on January 23, 2019, 02:46:36 AM

It looks like he has added one zero too many. In the next two years around the halving it will probably hit 40,000 and then it will need another catalyst to reach six figures

first of all this is old news and by that time everyone was publishing this type of nonsense predictions where they throw a big number at each other like a competition to see who can predict the biggest. just like now that people are competing with each other and throwing lower numbers at each other as the lowest prices!

secondly reaching $400k is nothing considering the fact that bitcoin rises have always been big like this where price stagnates for some time and the wise investors only accumulate bitcoin while others give up and sell their coins cheap. then there is a shoot up to the moon like 2017 where price jumps 2000% in less than a year.

kelz1

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It looks like he has added one zero too many. In the next two years around the halving it will probably hit 40,000 and then it will need another catalyst to reach six figures

cryptjh

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I’m really bullish on Bitcoin on the long run, and I’m sure we will see many new all times high follow by new crashed. A 400.000 Bitcoin are possible in the future, but to get there I think we will have to see new longer periods of massive Quantitative easing from the centrals banks, that will accelerate the price inflations in everything including Bitcoins, and Bitcoin will rise as a save store of value, then a 400k biotin or even a 1 million Bitcoin highly likely.

Shatterlean22

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400,000$ per bitcoin is way to good to be true, your post was in 2017 well we are in 2019 now and you can see what bitcoin as become ,all time high was 19-20k per Btc and now market hasn't recover from the bear market since 2018 ,some speculations are just over possibility

lepbagong

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If indeed bitcoin would reach the price of $ 400,000, it would certainly excite people to hunt for bitcoin and keep it right until the price is reached.
but the question when? because everyone is waiting for a jump.
although maybe at this time if the price is only equal when in early 2018 there were already many who were happy.

arakosta

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I think that we already heard $100,000 , $400,000 $1,000,000 per Bitcoin since forever. It's just empty words, without anything backing it up .
There are so many factors that influence the price of Bitcoin, unpredictable factors as well , that even the analysis of top investors are nothing more than a guess.
I, however am able to accurately predict what the price of Bitcoin will be exactly one year from now. And mark my words, this is the most accurate price prediction you can mathematically get : it'll either go up or down.

coingecko

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We all sure do hope that Bitcoin will hit $400,000, but realistically that will not happen in at least the next 5 years. At the moment, i think that we need to focus more on the development of use cases for blockchain and make it accessible and user friendly in order for the mass public to adopt and use in their day to day life.

Juggy777

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Quote from: CentolaNickki on January 22, 2019, 10:39:03 PM

i don't know but i'm very disappointed in this market. in the year 2018 i lost all my money

Hey sorry to hear about your losses, but could you elaborate on how you incurred those losses which coins you invested in. I’ll agree the market has not been good, the extended bear phase has refused to end and many of us have seen our portfolios value reduced. It’s pertinent to note that the losses are on paper, these are not actual losses till you sell them, if you decide to hodl them then in the long run you’ll recover.

boyptc

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Quote from: CentolaNickki on January 22, 2019, 10:39:03 PM

i don't know but i'm very disappointed in this market. in the year 2018 i lost all my money

Sorry for your lost but how much you invested to bitcoin? didn't you conduct research before putting your money? Bitcoin market is a speculative market and don't quickly believe when some guru or expert says that it will be tremendous in price in the future.

No one holds its future and we can't control it's movement.

CentolaNickki

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i don't know but i'm very disappointed in this market. in the year 2018 i lost all my money

tytanhamon04

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Quote from: bitcoinveda on November 11, 2017, 02:03:55 PM

The Chicago Mercantile Exchange (CME) has announced it will add Bitcoin futures trading in the fourth quarter of 2017. Bitcoin price almost instantaneously jumped on the news, reaching all-time highs over $7,500.

However, the cancellation of SegWit2x has led to a sudden slump in the price, and would-be investors have been scared away from previous high priced predictions. However, Mark Yusko, founder, and CEO of Morgan Creek Capital Management ($3.7 bln in assets under management) has not shied away from making predictions, suggesting that Bitcoin will eventually be worth $400,000.

The investing guru first bought into the cryptocurrency scene in 2011 but regrets not purchasing more. He was clear about the future, however, in spite of the lack of support among institutional bankers. He noted:

"This will change the supply and demand equation for banking. It is that big. I'm not surprised at all that bankers, financiers and Saudi Princes are coming out against it. This is a truly disruptive technology.”

Yusko compared Blockchain and Bitcoin to the Internet thirty years ago, noting that it has the same capacity to ‘change everything.’ His lofty prediction is for the long term of the cryptocurrency.

https://cointelegraph.com/news/bitcoin-400000-says-investing-guru-mark-yusko

Honestly I believe that bitcoin will be able to achieve this goal, but to be honest I will say what I think. I think that bitcoin will cost $ 400,000 not earlier than 10 years, as its growth is relatively smooth and the correction rate will continue but only after another aggressive growth.

bitfocus

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why people predict such big-time skyrocket in future, why don't we talk about making BTC a word currency more and more?

Quangcrypto1

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I read that many now will continue to sell bitcoin and buy altcoins.
Waitting !!!

squallw

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I believe that!
From 2015 to 2017 bitcoin had +3000%. I bet that 2018 to 2020 will the better.
But to hits $400k i think it can take more years.

More people and country is know about Bitcoin now. Every day have a lot of new users.
We can expect a market cap with $1 trilion.

Theb

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Here is the wrong mindset of people who are planning to buy Bitcoin for profit, because when the prices are in an all time high all they see is that it is too late to be on action but when the prices goes down they will see that it is all over now to profit with Bitcoin. The problem here is that the uncertainties is created by people who lack knowledge about trading as they really don't have any plan in action. First time hearing a CEO of an investment company who had "invest" in Bitcoin even though its future is not clear yet, giving a price of 400,000$ is really too much as the prediction don't have any basis to support it.

bitcoinveda

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The Chicago Mercantile Exchange (CME) has announced it will add Bitcoin futures trading in the fourth quarter of 2017. Bitcoin price almost instantaneously jumped on the news, reaching all-time highs over $7,500.

However, the cancellation of SegWit2x has led to a sudden slump in the price, and would-be investors have been scared away from previous high priced predictions. However, Mark Yusko, founder, and CEO of Morgan Creek Capital Management ($3.7 bln in assets under management) has not shied away from making predictions, suggesting that Bitcoin will eventually be worth $400,000.

The investing guru first bought into the cryptocurrency scene in 2011 but regrets not purchasing more. He was clear about the future, however, in spite of the lack of support among institutional bankers. He noted:

"This will change the supply and demand equation for banking. It is that big. I'm not surprised at all that bankers, financiers and Saudi Princes are coming out against it. This is a truly disruptive technology.”

Yusko compared Blockchain and Bitcoin to the Internet thirty years ago, noting that it has the same capacity to ‘change everything.’ His lofty prediction is for the long term of the cryptocurrency.

https://cointelegraph.com/news/bitcoin-400000-says-investing-guru-mark-yusko

Topic: Bitcoin $400,000 Says Investing Guru Mark Yusko (Read 695 times)