Can Avalanche (AVAX) Do a 50X? Crypto Bull Mark Yusko Says Ethereum and Layer Ones To Outrun Next Bitcoin Rally

Mark Yusko, CIO of Morgan Creek Capital, said Avalanche (AVAX) could see a massive surge in the next cycle and outperform other cryptocurrency markets.

In a new interview with cryptocurrency veteran Paul Baron To tell Smart contract platforms could surge 50x in the next bull market cycle as long as Bitcoin (BTC) and the digital asset market as a whole thrive.

“The key to investing in this ecosystem is diversification. Don’t put all your eggs in one basket. Even if a coin were to be as successful as we all think it would be, it wouldn’t be the best performer, because it’s the biggest, it’s just the law of large numbers, it wouldn’t be over $400 billion today, even if Even at $4 trillion, that’s a 10 bagger, Ethereum is almost $200 billion, it almost doubles when it hits $4 trillion.

But if Avalanche is really going to be that middle tier, or a bridge connecting Ethereum, then maybe 50x more. ”

Avalanche is trading at $18.02 at the time of writing, up more than 68% year-to-date. With a market capitalization of $5.7 billion, Avalanche is the 17th largest crypto asset.

Yusko also explores potential future infrastructure for cryptocurrencies and Internet infrastructure such as Internet Protocol (IP), Transmission Control Protocol/Internet Protocol (TCP/IP), File Transfer Protocol (FTP), and Simple Mail Transfer Protocol. Make an analogy with structures. (SMTP), Hypertext Transfer Protocol (HTTP), and World Wide Web (WWW).

This comparison is one of the reasons he believes these blockchain projects will survive volatile markets and have significant utility in the crypto space.

“On top of Web3… you could argue that Bitcoin is the base layer, Filecoin is FTP, Ethereum is WWW, Cosmos, Polkadot, Avalanche is SMTP, HTTP. So it ends up being five or six.”



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