{"id":389211,"date":"2019-07-09T01:01:02","date_gmt":"2019-07-09T01:01:02","guid":{"rendered":"https:\/\/ktsl888.com\/?p=389211"},"modified":"2019-07-08T23:13:14","modified_gmt":"2019-07-08T23:13:14","slug":"bitcoin-performing-asset-100000","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-performing-asset-100000\/","title":{"rendered":"Investor: Bitcoin is the Best Performing Asset, Path to $100,000 is Easy To See"},"content":{"rendered":"<p>While <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> price continues to struggle to reclaim the recent high of $13,800 where it was stopped abruptly following a multi-month parabolic run, analysts are already setting price targets well above the previous all-time high.<\/p>\n<p>In fact, Morgan Creek Capital Management\u2019s Mark Yusko believes that Bitcoin could reclaim the past all-time high and hit $30,000 before the next major correction, before it sets off to potentially reach $100,000 or more. He also says that it\u2019s not a matter of if, but when.<\/p>\n<h2>Mark Yusko: Bitcoin Will \u201cDefinitely\u201d Reclaim Old Highs<\/h2>\n<p>Founder, CEO and Chief Investment Officer of Morgan Creek Capital Management Mark Yusko today spoke with CNBC correspondent Melissa Lee on a segment of the media powerhouse\u2019s Fast Money. There, the investor was asked about Bitcoin \u2013 an asset he says is up 70% over the last nine months.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/ktsl888.com\/2019\/03\/01\/crypto-bitcoin-price-long-term\/\">Poll Reveals Majority of Crypto Investors See Bitcoin Price at $100,000 to Millions Long-Term<\/a><\/strong><\/em><\/p>\n<p>Yusko also reminds host Melissa Lee that Bitcoin is the best performing asset of the year and says that it will \u201cdefinitely\u201d be reclaiming old highs, and the \u201cpath\u201d forward will take us to the $30,000 level before the next major correction, and that \u201cpath\u201d eventually leads to $100,000 per BTC Bitcoin prices.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin bull <a href=\"https:\/\/twitter.com\/MarkYusko?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@MarkYusko<\/a> says the cryptocurrency could hit $30,000 before the next major pullback <a href=\"https:\/\/t.co\/JHPY4cc59x\" rel=\"nofollow\">pic.twitter.com\/JHPY4cc59x<\/a><\/p>\n<p>&mdash; CNBC&#39;s Fast Money (@CNBCFastMoney) <a href=\"https:\/\/twitter.com\/CNBCFastMoney\/status\/63651072?ref_src=twsrc%5Etfw\" rel=\"nofollow\">July 8, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>But that\u2019s only if the <a href=\"https:\/\/ktsl888.com\/2018\/08\/25\/cnbc-tweets-have-been-a-contrarian-bitcoin-price-indicator-with-95-accuracy\/\">dreaded CNBC sell signal curse<\/a> doesn\u2019t strike again and immediately knock down Bitcoin\u2019s current rally. Jokes aside, the investor does conclude that we are well amidst the next \u201cparabolic\u201d phase and have exited the bear market for good \u2013 leaving lows he discussed in past segments with Melissa Lee far behind.<\/p>\n<h2>&#8220;Easy&#8221; Path to $100K BTC by 2021, Or Is it $1M by 2020?<\/h2>\n<p>Yusko followed up his lofty price prediction of $30,000 with an even larger one: $100,000. The Morgan Creek Capital Management founder revealed that while presenting a webinar recently, he was able to very \u201ceasily\u201d demonstrate Bitcoin\u2019s path to $100,000 by 2021.<\/p>\n<p>It\u2019s not the first time a price target prediction of six-figure target or more has been made. Another big name in the crypto space, security expert and crypto influencer John McAfee, set a wild <em>over<\/em> six-figure prediction.<\/p>\n<p>Except McAfee upped the ante of his prediction in other ways: by pushing the prediction forward a year to before the end of 2020 as the target date for a $1 million dollar BTC prediction, and he even offered to eat his own genitals if somehow his price prediction wasn\u2019t accurate.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/ktsl888.com\/2019\/02\/22\/bitcoin-price-btc-undervalued-dickline\/\">Bitcoin Price (BTC) Undervalued By Nearly $34K According to Infamous Dickline<\/a><\/strong><\/em><\/p>\n<p>As of right now, according to the John McAfee \u201c<a href=\"https:\/\/dickline.info\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">dickline<\/a>\u201d that follows that path of that prediction, Bitcoin is still undervalued by 83% or over $60,000 per BTC.<\/p>\n<p>Except Bitcoin doesn\u2019t move in a straight line. Its volatility is unpredictable, and its potential so vast, that it suddenly taking off in another parabolic move to $100,000 is surprisingly not outside of the realm of possibility most would consider. In fact, the majority of crypto investors believe that Bitcoin will hit prices of $100,000 each, or up to <a href=\"https:\/\/ktsl888.com\/2019\/03\/01\/crypto-bitcoin-price-long-term\/\">millions per BTC<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>While Bitcoin price continues to struggle to reclaim the recent high of $13,800 where it was stopped abruptly following a multi-month parabolic run, analysts are already setting price targets well above the previous all-time high. In fact, Morgan Creek Capital Management\u2019s Mark Yusko believes that Bitcoin could reclaim the past all-time high and hit $30,000 before the next major correction, before it sets off to potentially reach $100,000 or more. He also says that it\u2019s not a matter of if, but when. Mark Yusko: Bitcoin Will \u201cDefinitely\u201d Reclaim Old Highs Founder, CEO and Chief Investment Officer of Morgan Creek Capital Management Mark Yusko today spoke with CNBC correspondent Melissa Lee on a segment of the media powerhouse\u2019s Fast Money. There, the investor was asked about Bitcoin \u2013 an asset he says is up 70% over the last nine months. Related Reading | Poll Reveals Majority of Crypto Investors See Bitcoin Price at $100,000 to Millions Long-Term Yusko also reminds host Melissa Lee that Bitcoin is the best performing asset of the year and says that it will \u201cdefinitely\u201d be reclaiming old highs, and the \u201cpath\u201d forward will take us to the $30,000 level before the next major correction, and that \u201cpath\u201d eventually leads to $100,000 per BTC Bitcoin prices. Bitcoin bull @MarkYusko says the cryptocurrency could hit $30,000 before the next major pullback pic.twitter.com\/JHPY4cc59x &mdash; CNBC&#39;s Fast Money (@CNBCFastMoney) July 8, 2019 But that\u2019s only if the dreaded CNBC sell signal curse doesn\u2019t strike again and immediately knock down Bitcoin\u2019s current rally. Jokes aside, the investor does conclude that we are well amidst the next \u201cparabolic\u201d phase and have exited the bear market for good \u2013 leaving lows he discussed in past segments with Melissa Lee far behind. &#8220;Easy&#8221; Path to $100K BTC by 2021, Or Is it $1M by 2020? Yusko followed up his lofty price prediction of $30,000 with an even larger one: $100,000. The Morgan Creek Capital Management founder revealed that while presenting a webinar recently, he was able to very \u201ceasily\u201d demonstrate Bitcoin\u2019s path to $100,000 by 2021. It\u2019s not the first time a price target prediction of six-figure target or more has been made. Another big name in the crypto space, security expert and crypto influencer John McAfee, set a wild over six-figure prediction. Except McAfee upped the ante of his prediction in other ways: by pushing the prediction forward a year to before the end of 2020 as the target date for a $1 million dollar BTC prediction, and he even offered to eat his own genitals if somehow his price prediction wasn\u2019t accurate. Related Reading | Bitcoin Price (BTC) Undervalued By Nearly $34K According to Infamous Dickline As of right now, according to the John McAfee \u201cdickline\u201d that follows that path of that prediction, Bitcoin is still undervalued by 83% or over $60,000 per BTC. Except Bitcoin doesn\u2019t move in a straight line. Its volatility is unpredictable, and its potential so vast, that it suddenly taking off in another parabolic move to $100,000 is surprisingly not outside of the realm of possibility most would consider. In fact, the majority of crypto investors believe that Bitcoin will hit prices of $100,000 each, or up to millions per BTC.<\/p>\n","protected":false},"author":517,"featured_media":389214,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[428,1368,6664,11509,47178],"class_list":["post-389211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-bitcoin","tag-cnbc","tag-crypto","tag-mark-yusko","tag-morgan-creek-capital-management"],"acf":[],"yoast_head":"\n<title>Investor: Bitcoin is the Best Performing Asset, Path to $100,000 is Easy To See<\/title>\n<meta name=\"description\" content=\"While Bitcoin price continues to struggle to reclaim the recent high of $13,800 where it was stopped abruptly following a multi-month parabolic run,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/bitcoin-performing-asset-100000\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investor: Bitcoin is the Best Performing Asset, Path to $100,000 is Easy To See\" \/>\n<meta property=\"og:description\" content=\"While Bitcoin price continues to struggle to reclaim the recent high of $13,800 where it was stopped abruptly following a multi-month parabolic run,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/bitcoin-performing-asset-100000\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-09T01:01:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-07-08T23:13:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/07\/bitcoin-price-shutterstock_1367904593-860x573.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"860\" \/>\n\t<meta property=\"og:image:height\" content=\"573\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;El Toro&quot; 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As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \\\"The Bull,\\\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \\\"The Bull\\\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. 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