Morgan Creek CEO Sees Fair Value for Bitcoin at $105,000
Mark Yusko, CEO of Morgan Creek Capital Management, believes Bitcoin is undervalued and has a fair value of about $105,000. Based on Metcalfe's law, he argues that the current price of around $75,000 makes it a good time to buy.
Yusko emphasizes that Bitcoin can serve as a store of value alongside gold, which has historically maintained its worth over 5,000 years. He also points out that long-term investments in companies are not a reliable choice, noting that 85% of companies have disappeared over the past 30 years.