Home Bitcoin Grayscale (GBTC) Urges SEC for Equal Therapy of Spot Bitcoin (BTC) ETF Functions

Grayscale (GBTC) Urges SEC for Equal Therapy of Spot Bitcoin (BTC) ETF Functions

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Grayscale (GBTC) Urges SEC for Equal Therapy of Spot Bitcoin (BTC) ETF Functions

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Bitcoin may attain $300,000 by 2028, mentioned Mark Yusko, Morgan Creek Capital Administration founder and CEO, on CoinDesk TV’s First Mover. Yusko made the prediction whereas evaluating bitcoin to gold. Gold shouldn’t be transportable or divisible, whereas bitcoin is, the CEO of the $1.6 billion asset administration agency defined. “Bitcoin fixes each of those points, and is equally scarce,” Yusko added, arguing that the digital asset may finally catch as much as the valuable steel’s valuation. “The financial worth of gold is about $6 trillion, I feel bitcoin can substitute all of that, the financial equal of $6 trillion is a few 10X from right here, which provides us a worth of about $300K,” mentioned Yusko.

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