Hedge fund manager Mark Yusko said bitcoin could hit $500,000 per coin by 2024.
Last October, Yusko predicted that the bitcoin price could one day reach $1 million per coin, though he said that he did not expect BTC to hit this milestone for at least a decade.
Yusko believes bitcoin will see such incredible growth because of the network effect, a theory that a communications network becomes more valuable as it on boards more users.
Commenting on bitcoins recent price movements, Yusko said that daily fluctuations are just noise because all that matters is securing ownership of the [Bitcoin] Network.
-CCN