Earlier this year, in January, Markus YuskoCIO at morgan creek capital, said, that avalanche AVAX/USD had the potential to outperform the entire cryptocurrency market, including Bitcoin BTC/USD And ether ETH/USD.

What happened: In one youtube Video, that’s what Yusko had said AVAX could rally 50x in the next bull cycle assuming Bitcoin and major coins remain successful.

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According to Yusko, the key to investing in this ecosystem was diversification. “Don’t put all your eggs in one basket.”

He said that while Bitcoin may be the largest cryptocurrency by market cap, it won’t necessarily be the best-performing asset. This is due to the law of large numbers – the bigger something is, the harder it is to hit big wins of the same magnitude.

Yusko then explained that while Bitcoin had the largest market cap, which was $400 billion in January, even if it hit $4 trillion, that would only be a 10x increase. Bitcoin’s current market cap is $551.54 billion.

As for Ethereum — which had a market cap of nearly $200 billion as of January — Yusko had said at the time that if it hit $4 trillion, it would be nearly twice that size.

“But if Avalanche actually becomes that intermediate layer or a bridge to connect Ethereum… maybe it could be 50x,” Yusko had added.

price action: At the time of writing AVAX was trading at $18.02, up 5.65% in the last 24 hours, according to Benzinga Pro.

This story was originally published on January 25, 2023.

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