Earlier this year, Morgan Creek Capital raised enough capital to launch a $500 million cryptocurrency hedge fund. Anthony Pompliano (perhaps better known by his Twitter handle, “Pomp”), who runs Morgan Creek’s Digital Assets operation, said recently that he and his partners have “never sold an investment” from one of their crypto funds, adding that this industry is a “decades long game” that will reward patient investors.
Writing on Twitter, Mark Yusko, the founder of North Carolina-based Morgan Creek Capital Management, said that he is still confident of his year-end price target of $25,000. Yusko originally made this prediction in April, adding that he expects bitcoin to march to $75,000 by 2020, $200,000 by 2022, and ultimately eclipse $500,000 by the end of 2024.
Lets continue to HODL, and hope the predictions from these visionaries come true.