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Billionaire Marc Lasry on Bitcoin: "I Should Have Bought a Lot More"

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Tue, 06/08/2021 - 14:15
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Alex Dovbnya
Marc Lasry does not rule out that Bitcoin could surge to $100,000
Billionaire Marc Lasry on Bitcoin: "I Should Have Bought a Lot More"
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During his June 8 appearance on CNBC's "Squawk Box," billionaire Marc Lasry expressed his regret for not buying more Bitcoin, predicting that the top cryptocurrency will keep moving up if more and more people start using it:

The probability as more and more people keep using Bitcoin is going to keep moving up. It's happened a little bit quicker than I thought it would. I should have bought a lot more.

In July 2018, Lasry—who claimed he had one percent of his net worth in Bitcoin—accurately predicted that the coin would reach $40,000 if it were to become more mainstream. Back then, it was trading at $7,400.

Bitcoin touched $40,000 for the first time on Jan. 7. On April 14, it soared to its current all-time high of $64,895 before retracing all the way back to $30,000.

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Bitcoin at a crossroads

Following Bitcoin's massive correction, Lasry is not sure about where Bitcoin is heading next.

The co-owner of the NBA's Milwaukee Bucks claims that Bitcoin could surge to $100,000 or plunge back to $20,000:

I honestly don't know where it's gonna go, but you've got that market. It's there.

As reported by U.Today, Bitcoin revisited the $32,000 level earlier today, with gold bug Peter Schiff forecasting a further slide.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.