Can Avalanche (AVAX) do a 50X? Crypto Bull Mark Yusko Says Ethereum, Layer Ones Will Overtake Next Bitcoin Rally

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Mark Yusko, CIO of Morgan Creek Capital, said Avalanche (AVAX) has the potential to see a massive surge and outperform the rest of the crypto market in the next cycle.

In a new interview with Paul Barron, the crypto veteran says the smart contracts platform could skyrocket 50x in the next bull market cycle, as long as Bitcoin (BTC) and the overall asset market digital would succeed.

The key to investing in this ecosystem is diversification. Don’t put all your eggs in one basket. You want to have a big chunk of bitcoin, fine. But if you think about it, if Bitcoin is as successful as we all think it is, it won’t be the top performer, period. Simply because it’s the biggest. It’s just the law of large numbers. You’re not going to go from $400 billion today, even if you go to $4 trillion, that’s a 10 bagger. Ethereum close to $200 billion if it hits $4 trillion , it is almost double.

But if Avalanche actually becomes that middle layer, or becomes a bridge to connect Ethereum… it could be maybe 50x.

Avalanche is changing hands at $18.02 at the time of writing, an increase of over 68% from the start of the year. With a market capitalization of $5.7 billion, Avalanche is the 17th largest crypto asset.

Yusko also draws an analogy between the potential future infrastructure of cryptography and the infrastructure of the Internet, such as Internet Protocol (IP), Transmission Control Protocol/Internet Protocol (TCP/IP), File Transfer Protocol (FTP), the Simple Mail Transfer Protocol. (SMTP), Hypertext Transfer Protocol (HTTP) and World Wide Web (WWW).

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

I can say besides Web3 is… Bitcoin is base layer, Filecoin is FTP, Ethereum is WWW and Cosmos, Polkadot, Avalanche are SMTP, HTTP, I don’t know which ones. So we end up with five or six.

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