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Hedge fund manager predicts Bitcoin to $50M
Back in 2009, when Bitcoin (BTC) first launched, few could have imagined it would ever approach $100,000. Today, it might be trading around the $67,000 mark, but just last year, King Crypto climbed to a record $124,000 in October. Still, one hedge fund manager believes that even six-figure prices barely scratch the surface of Bitcoin’s long-term potential. In an interview with Phil Rosen, EMJ Capital CEO Eric Jackson has projected that Bitcoin could reach $50 million per coin by 2041, At current prices, that would represent roughly a 74,527% increase. His thesis is based on what he describes as a long-term ... (full story)
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