Mark Yusko, the billionaire investor and founder of Morgan Creek Capital, went on Bloomberg News to defend his prediction that Bitcoin worth $ 400,000 in the long run. Yusko's now-famous prediction made headlines because of his grandiose scale, and Bloomberg's office staff had questions.

First, questioned about the technology issue Bitcoin vs. Blockchain, Yusko quickly pointed out that "Bitcoin is a Blockchain," and that the argument to have one and not the other was a non-sequitur. He then answered the question regarding his price forecast by comparing Bitcoin to gold. He said:

"It's just mathematical.This is the equivalent of gold … there are about 20 million Bitcoin available today. Nowadays today is about $ 8, which gives you $ 400 000. And that does not include the use cases that relate to the currency. "

Striking Fear

The investor also pointed out that the trump is fear in the hearts of bankers precisely because Bitcoin eliminates the need for banks. When transactions are verified on a Blockchain, banks become obsolete. He said: