Bitcoin Price 'Easily' Expected to Hit $2 Million in Six Years - Larry Lepard

Current BTC price is approaching the level at which Lepard will "back the truck", with the asset manager eyeing 100X gains. Market news

Bitcoin (BTC) is on track to hit a colossal $2 million within six years, says asset management guru Lawrence "Larry" Lepard.

During his last appearance on the Quoth the Raven podcast on October 16, Lepard said that BTC/USD could "easily" generate 100X returns from current prices.

With Bitcoin in a downtrend for nearly 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 predicting a seven-digit BTC price in the current environment.

While appearing on the podcast, the founder of Equity Management Associates revealed that he always uses the average dollar cost for BTC, buying a fixed amount each week, regardless of the price.

He also considers it a "risk" not to own BTC as a hedge in what he calls a "sovereign debt crisis".

"I'm not suggesting anyone take all their money and throw it into these things, but what I'm suggesting very strongly is that anyone who doesn't have a position in these things take more risks than it needs to take due to upside optionality,” he explained:

"Bitcoin might drop to zero, but I personally think bitcoin will go up 100X."

When asked if he therefore agreed that a single bitcoin could end up being worth $2 million, a hundred times more than the current spot price, Lepard didn't hesitate. .

"Yeah, easily, easily," he replied, setting the timeline for realizing gains at five or six years.

Lepard added that the next macro high for BTC/USD is expected to hit $200,000, followed by another 70% pullback.

This prediction roughly matches another price base that has appeared lately...