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. p>
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.
Lepard: “I personally believe Bitcoin will go up 100X”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. p>
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...
![Bitcoin Price 'Easily' Expected to Hit $2 Million in Six Years - Larry Lepard](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTAvYTMyNDdkMDEtOTFhNC00OTI1LWI2NzktNGIzYzFmOWY2N2FiLmpwZw==.jpg?#)
Current BTC price is approaching the level at which Lepard will "back the truck", with the asset manager eyeing 100X gains. p>
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.
Lepard: “I personally believe Bitcoin will go up 100X”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. p>
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...
What's Your Reaction?
![like](https://vidianews.com/assets/img/reactions/like.png)
![dislike](https://vidianews.com/assets/img/reactions/dislike.png)
![love](https://vidianews.com/assets/img/reactions/love.png)
![funny](https://vidianews.com/assets/img/reactions/funny.png)
![angry](https://vidianews.com/assets/img/reactions/angry.png)
![sad](https://vidianews.com/assets/img/reactions/sad.png)
![wow](https://vidianews.com/assets/img/reactions/wow.png)