This Billion-Dollar Fund Will Consider XRP—If It Replaces SWIFT in Banking
- A billion-dollar fund could back XRP if banks adopt it as a faster, cheaper alternative to SWIFT.
- XRP’s potential hinges on widespread adoption by major financial players like Bank of America and JPMorgan.
- Bitcoin could hit $150K by 2025, says the fund, but faces resistance at $107K before breaking higher levels.
Mark Yusko, CEO and CIO of Morgan Creek Capital Management, who previously predicted Bitcoin could reach $100,000, has now shared his thoughts on what’s next for BTC now that its past the milestone. In an interview with The Paul Barron Network, he also touched upon XRP’s potential to reshape U.S. monetary policy; a hot topic in the crypto community.
Has the Market Hit its Peak?
Bitcoin has already experienced a significant price surge since the November elections and Yusko believes Bitcoin hasn’t yet reached its peak. It could rise to a range of $150,000 to $180,000 before the cycle ends and this level would be about 1.5 times above its fair value.
Currently, Bitcoin’s fair value sits around $95,000 to $98,000, with the market priced between $104,000 and $105,000, slightly above this range. Looking ahead, Yusko predicts Bitcoin could reac…
The post This Billion-Dollar Fund Will Consider XRP—If It Replaces SWIFT in Banking appeared first on Coin Edition.
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This Billion-Dollar Fund Will Consider XRP—If It Replaces SWIFT in Banking
- A billion-dollar fund could back XRP if banks adopt it as a faster, cheaper alternative to SWIFT.
- XRP’s potential hinges on widespread adoption by major financial players like Bank of America and JPMorgan.
- Bitcoin could hit $150K by 2025, says the fund, but faces resistance at $107K before breaking higher levels.
Mark Yusko, CEO and CIO of Morgan Creek Capital Management, who previously predicted Bitcoin could reach $100,000, has now shared his thoughts on what’s next for BTC now that its past the milestone. In an interview with The Paul Barron Network, he also touched upon XRP’s potential to reshape U.S. monetary policy; a hot topic in the crypto community.
Has the Market Hit its Peak?
Bitcoin has already experienced a significant price surge since the November elections and Yusko believes Bitcoin hasn’t yet reached its peak. It could rise to a range of $150,000 to $180,000 before the cycle ends and this level would be about 1.5 times above its fair value.
Currently, Bitcoin’s fair value sits around $95,000 to $98,000, with the market priced between $104,000 and $105,000, slightly above this range. Looking ahead, Yusko predicts Bitcoin could reac…
The post This Billion-Dollar Fund Will Consider XRP—If It Replaces SWIFT in Banking appeared first on Coin Edition.
Read More