Founder and Head of Morgan Creek Capital Management are reportedly positive that Bitcoin’s next market cycle could make it a worthy opponent for gold, market capitalization-wise, and trading for over $200,000.

Specifically, Mark Yusko – via an interview on CNBC’s Trading Nation – reportedly made a comparison between the fast Bitcoin adoption to the development of FAANG firms – Facebook, Apple, Amazon, Netflix, and Google.

“This is a network and networks grow in an exponential way. This is the fastest network in history to a trillion dollars of value, right on the heels of the FAANGs that took, you know, 15 to 20 years depending on which one you look at.”

Yusko’s price prediction is reportedly deprived of his assumption that Bitcoin has the possibility to be gold’s worthy opponent in terms of “monetary value” – a concept generated from the gold standard, where a nation has its currency or fiat directly connected to gold. 

“If gold’s monetary value is $4 trillion, then digital gold should move up to that total.”

With Bitcoin being passed around in business transactions for approximately $59,000 and Bitcoin’s market cap at around $1.1 trillion, Yusko suggested that the potential trading value for Bitcoin could be standing at the minimum of $235,000 in the future. 

The investment manager reportedly believed that Bitcoin could be the base layer protocol for the Internet of value, likening Bitcoin to Transmission Control Protocol/Internet Protocol (TCP/IP) – the standard protocol establishing connections and data sharing among computers across the internet. 

When the question regarding other protocols or crypto-assets – nominally Ethereum, Litecoin, and Dogecoin – which have all achieved their record-breaking high throughout the past days, he claimed there is space for more. 

“There are thousands of coins and DOGE is in that category that really is useless, they’re just utility tokens that have no underlying value or use case and they’ll eventually disappear.”