Bitcoin has been cited as the ‘all-conquering economic juggernaut’. As it’s the hardest money ever…
Marc Lasry, a billionaire Moroccan-born American hedge fund manager, recently announced that he can see the price of Bitcoin rising up to $40,000 or more within the next few years. Marc Lasry has a history of being incredibly positive with his Bitcoin predictions, and there are several other cryptocurrency experts that share the same sentiment.
Marc Lasry on BTC
Lasry, co-founder, chairman and CEO of Avenue Capital Group, has roughly $9.6 billion dollars in assets under his management. During a conversation on CNBC’s Squawk Box segment, Lasry mentioned that he invested over 1 percent of his personal funds into Bitcoin. During this segment, he explained that he invested the money hoping that BTC will soon move up into the mainstream. As more markets enable the free trading of BTC, Lasry estimates that it could end up with a value of around $20,000 to $40,000 in a couple of years.
As reported by Forbes, Lasry currently has a net worth of around $1.7 billion dollars, so the 1 percent isn’t a small amount of money. Lasry is just one of many famous investors that have decided to invest a large sum of money into Bitcoin.
Lasry explains that he likes Bitcoin because it’s the most popular cryptocurrency. He sees a future where the price of Bitcoin will gradually increase once more Americans have access to it. Right now, he believes that Bitcoin is difficult to access and use unless you’re already involved with the cryptocurrency industry, but as advances are made and more people become aware of cryptocurrency and its applications, its value will grow steadily.
In December last year, Lasry told CNBC that he regretted not buying Bitcoin sooner, stating that he should’ve invested when Bitcoin was around $300 per coin a couple of years ago. He started purchasing Bitcoin personally once it reached around $9,000 to $10,000, waiting for a dip to purchase more. However, at the time he mentioned this, Bitcoin’s value rose to almost $20,000. This high value eventually started to drop and is starting to show signs of stabilizing over half a year later.
Support for BTC
It’s also important to mention that other individuals, such as John McAfee, are also very bullish in the future of cryptocurrencies. Thomas Less is another major player, predicting that Bitcoin will reach at least $25,000 before 2019. Having shown their support for BTC over the past couple of years, it’s clear that many big-name investors have their sights set on Bitcoin’s success and are willing to be outspoken about their confidence.
At the time of writing, BTC is currently at a staggering $7,746.86, the highest point it’s been in the past week. Just this month, the price of BTC has risen from a low point of $5,853.13 to its current value. If the numbers are to be believed, then it’s clear that BTC will continue this upward trend, making Lasry’s prediction of $40,000 very p