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Bitcoin is undervalued, with a fair value of about $105,000 under Metcalfe’s Law, Morgan Creek Capital Management CEO Mark Yusko said in an interview with Bitcoin Magazine. Yusko said Bitcoin was trading at about $75,000 and called it a good time to buy.
He added that Bitcoin is the best way to protect personal assets, while long-term corporate investment is not a good option. Over the past 30 years, 85% of companies have disappeared, Yusko said, adding that what people really need is an asset that preserves value. Historically, gold played that role for 5,000 years, and investors now have both gold and Bitcoin, he said.