Bitcoin may be in a bit of a lull lately, but Morgan Creek Capital CEO Mark Yusko reckons it still has all more potential than ever.
More specifically, as “digital gold,” as Yusko refers to BTC, approaches gold’s monetary value of $4 trillion, it could designate the cryptocurrency a value of $250,000.
He said that ether could be the “www.” or toolkit to build applications, which will then run on base-layer protocols like BTC.
The CEO elaborated by saying that there were “thousands” of coins, including DOGE, that are “useless,” with “no underlying value.” Yusko joins the ranks of CEOs such as Mike Novogratz who have a poor opinion of DOGE, which is currently ranked the fifth most valuable cryptocurrency by market cap.
It came close on May 10 with a price of $59,577 but is currently back to resting near the $58,000 mark.
“SpaceX launching satellite Doge-1 to the moon next year – Mission paid for in Doge – 1st crypto in space – 1st meme in space”, Musk said in a tweet https://bit.ly/3betdTm.
According to a BBC report, auction fever may be to blame for why we get involved in bidding wars.
Perfect for roasting marshmallows, cozying up next to your partner and just having a nice chat but finding the right fire pit for your home can be overwhelming.
Cryptocurrency ethereum climbed to a new peak for a third straight day on Monday on continued optimism about further growth in decentralized finance or “DeFi”, although some analysts said it was overvalued at current levels.