Marc Lasry – the co-founder of Avenue Capital Group – predicted the future value of Bitcoin (BTC). He predicted that the value of the digital currency is going to hit the $40k mark very soon.
Marc Lasry’s Comment
In an interview for the Squawk Box segment of the network, Mr. Lasry – whose debt management company manages assets worth over $9.6 billion – saw the increasing ease of digital currency trading as the key motivator for the value of Bitcoin to surge higher.
Lasry said that as digital currencies get more mainstream adoption, and as more markets are allowing them to trade where they are tradable, it’s a sure bet for him that this would help to increase the value of Bitcoin (BTC) as well as other digital currencies.
He also said that he foresaw BTC investors “getting a return of five to ten times their investment capitals in three to five years.” The billionaire investor earlier showed regret at not investing in BTC sooner, with a report stating that he had converted 1% of his net worth to Bitcoin BTC.
Why Lasry Likes Bitcoin (BTC)
During the interview, Lasry said that the major reason why he liked BTC is that “it is the digital currency that everybody is going to fall back to.” The prediction of Lasry came at a time when the digital currency is experiencing an upward rally, as the digital currency just experienced a sudden increase of over 11% in less than one hour and attained a new level close to the $7,400 mark.
A prediction of $40k by the billionaire investor is more conservative and realistic in nature compared to the value predicted by Tim Draper, who predicted that the value of Bitcoin (BTC) could get as high as $250,000 in 2022. Lasry’s prediction seems more achievable in the short-term, all the coin needs are more adoption and investments.