Remember bullish BTC price forecasts? LawrenceLepard is betting on $2 million Bitcoin.
) is on track to hit a massive $2 million within six years, asset management guru Lawrence “Larry” Lepard believes.podcast Oct. 16, Lepard said that BTC/USD could “easily” deliver 100X returns from current prices.With Bitcoin in a downtrend for almost a year, bullish BTC price predictions are few and far between.
Lepard, already known for his optimism on both Bitcoin and precious metals, has become one of the lone voices forecasting a seven-figure BTC price tag in the current environment. In his podcast appearance, the Equity Management Associates founder revealed that he is still dollar cost averaging into BTC — buying a fixed amount every week, regardless of the price.“I’m not suggesting anyone should take all of their money and dump it into these things, but what I am suggesting very strongly is that anyone who doesn’t have some position in these things is taking more risk than they need to take because of the upside optionality,” he explained.
“Yeah, easily, easily,” he replied, setting the timeframe for the gains to materialize as five or six years. Lepard added that the next macro top for BTC/USD should be up to $200,000, followed by another 70% drawdown.emerging in recent days, putting the next cycle’s bear market bottom at $35,000.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bystander killed in violent carjacking in South LA is identifiedA bystander killed in a carjacking has been identified as Larry Walker.
Read more »
Spanberger-Vega debate in Virginia’s 7th District is canceledPlans for Friday's debate started to crumble after the committee lined up conservative commentator and talk show host Larry O’Connor to co-moderate.
Read more »
New Jersey high school English teacher gives books away by the thousandsLarry Abrams, an English teacher at Lindenwold High School in New Jersey, started BookSmiles to give every kid free books.
Read more »
New Jersey high school English teacher gives books away by the thousandsLarry Abrams, an English teacher at Lindenwold High School in New Jersey, started BookSmiles to give every kid free books.
Read more »
New Jersey high school English teacher gives books away by the thousandsLarry Abrams, an English teacher at Lindenwold High School in New Jersey, started BookSmiles to give every kid free books.
Read more »
Carjacking victim killed after being dragged under his vehicle in South L.A. is identifiedLarry Walker, 63, of La Habra, died of multiple blunt force trauma injuries in Thursday's incident, according to the L.A. County coroner's office.
Read more »