The investment management firm’s founder and chief investment officer predicts the cryptocurrency could reach $250,000 within five years.
“It’s just about network adoption and increased usage,” Yusko told CNBC’s “Trading Nation” on Friday.
Yusko bases his $250k target on a gold equivalence.
Bitcoin is the base layer protocol like TCP/IP, the foundation that allows computers to connect and communicate, while a crypto like Ethereum is akin to ‘www dot’, the “toolkit” to build upon that foundation.