Marc Lasry Sees Bitcoin Reaching Up to $40,000

posted on

< 1 min

Back in December, Lasry expressed regret about not buying bitcoin sooner, saying he should’ve bought the cryptocurrency when it was at $300 just a couple of years ago.

“As it gets more into the mainstream, and as more markets end up allowing it to trade where it’s freely tradable, to me that’s more of the bet,” Lasry said, adding that he sees bitcoin investors making five to 10 times their money in three to five years.

Lasry’s day job is running the distressed debt investment firm that he helped start, Avenue Capital Group, which has about $9.6 billion in assets under management. But he said his bitcoin investments were made with his personal money.
Bitcoin lost more than half its value in the first six months of this year. However, the price of bitcoin spiked in the last 24 hours. Lasry expects bitcoin will have the most benefit for investors out of all the cryptocurrencies, saying, “The reason why I like bitcoin is because it’s the one everybody is going to come to.”
[cta_en link=”https://iqoption.com/en/?aff=88&afftrack=btc1807″ name=”Trade crypto now”][/cta_en]

general risk warning

CFDs are complex instruments and entail a high risk of losing money rapidly due to leverage.

79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

NOTE: This article is not an investment advice. Any references to historical price movements or levels are informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future. Information regarding past performance is not a reliable indicator of future performance. Forecasts are not a reliable indicator of future performance. In accordance with European Securities and Markets Authority's (ESMA) requirements, binary and digital options trading is only available to clients categorized as professional clients.

share

you may also like