RATE Group | Billionaire Marc Lasry Sees Bitcoin’s Price Reaching $40,000
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Billionaire Marc Lasry Sees Bitcoin’s Price Reaching $40,000

19 Jul Billionaire Marc Lasry Sees Bitcoin’s Price Reaching $40,000

Posted at 11:14h in Bitcoin News by

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Another billionaire investor has made bullish comments on bitcoin.

Marc Lasry, the co-founder, chairman and CEO of Avenue Capital Group, an investment firm with $9.6 billion in assets under management, weighed in on his bitcoin investment on CNBC Wednesday.

Speaking during the channel’s “Squawk Box” segment, Lasry said he has invested around 1 percent of his personal fund in bitcoin, betting that the world’s largest cryptocurrency by market cap might soon be worth as much as $40,000 per coin at some point.

He noted:

“You are hoping that as it gets more into the mainstream, and as more markets end up allowing it to trade where it’s freely tradable, to me that’s more the market bet … I think you will have something that ends up being somewhere at $20,000 to $40,000.”

Lasry has an estimated $1.7 billion in his personal fortune, according to the 2018 World’s Billionaires List released by Forbes.

Although investors are betting on all kinds of cryptos, Lasry believes “the one will…

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