There is less unlikelihood of a potential bull run in the market as Bitcoin starts to retreat and the markets start to balance. This is mainly due to SEC’s decision to turn down Winklevoss’s the application for a Bitcoin ETF. Nonetheless, regardless of what reason is, it is happening and unfortunately, we cannot do much about it at the present.
Recently, the famed Hedge Fund Manager Mark W Yusko discussed about the future of Bitcoin. He claimed that the cryptocurrency has yet to reach its prime, predicting that it will have risen by as much as 6000% within six years.
From his belief:
By the end of 2018, Bitcoin will reach $25,000.
By the end of 2019, Bitcoin will reach $75,000.
By the end of 2022, Bitcoin will reach $200,000.
However, it should be noted that though having some financial knowledge and economic authority, Yusko is not an expert. His predictions, overall, should not be taken as an investment advice as they are simply opinion, based on speculation.
Yet the number of 6000% rise is still somehow worth considering.