Morgan Creek CEO Says Bitcoin (BTC) Undervalued, Fair Value at $105,000

Morgan Creek Capital Management CEO Mark Yusko has stated that Bitcoin (BTC) is currently undervalued, estimating its fair price at around $105,000.

During an interview with cryptocurrency-focused media Bitcoin Magazine on Thursday (local time), Yusko said the fair value of Bitcoin according to Metcalfe's Law is approximately $105,000, adding that current prices around $75,000 present a good buying opportunity.

Yusko evaluated Bitcoin as a means to protect personal assets while arguing against long-term corporate investments in it. He noted that 85% of companies have disappeared over the past 30 years and emphasized the need for a medium capable of preserving asset value over time.

The CEO also cited gold's historical role as a store of value for about 5,000 years, suggesting Bitcoin can now serve alongside gold in this capacity.