The founder of investment management firm Morgan Creek Capital Management, Marc Josco, expects Bitcoin to reach $ 250,000 in value within five years.
Yusko said, in an interview with "CNBC", that the key to this skyrocketing rise is that Bitcoin is more than just a store of value, and the cryptocurrency will not be ignored and underestimated by investors for a long time.
"It is only about adopting the network and increasing its use," Yusko added, noting that it is a network, and networks usually grow in an exponential manner, considering that it is the fastest network in history with a value of up to two trillion dollars.
He explained that the network of technology companies known as FAANGS, which includes giants such as Facebook, Apple and Amazon, took 15 to 20 years to reach that level.
Josco built his forecast of $ 250,000 per bitcoin on the equation of gold. If the monetary value of gold is $ 4 trillion, digital gold should rise to this total, an amount that puts the price at a quarter of a million dollars for each currency.
"What people are missing is that this is the technological development of computing power that will not disappear," he said. "It is a powerful computing network that will become the basic layer protocol for the valuable Internet."
Despite the significant rise in "Bitcoin", it came late in terms of gains this year, as Litecoin and Ethereum each rose by more than 100%, while Dodge Coin rose by more than 13000% during 2021.
The price of Bitcoin rose 98% in 2021. It has struggled in the past month, despite rising just over 2%.