Bitcoin, after surging at the beginning of the year, has plateaued over the last couple of months.
The bitcoin price nudged $65,000 per bitcoin in April before falling back slightly—with other, surprising cryptocurrencies stealing the limelight.
Now, the chief investment officer of hedge fund Morgan Creek Capital Management has predicted the bitcoin price could soar to $250,000 within five years, arguing bitcoin “is going to become the base layer protocol for the internet of value.”
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