Bitcoin market cap may double to $5,000,000,000,000. This billionaire hedge fund manager explains why
The billionaire Hedge fund manager admitted that he regretted that he had never invested in Bitcoin before and called him a kidnapped opportunity that holds him at night.
In an interview with CNBC, Lafont believes that although he has not yet invested in Bitcoin, he can easily double from $ 2 trillion to $ 4-5 trillion from the current market value in the coming years. “Every day I wake up at 3 in the morning, ‘Why am I so stupid because I don’t have Bitcoin?’ ‘He said.
Although Bitcoin is not a company, LaFfont said that he conceptually included it in the redesigned version of the Nasdaq 100 and compares his role in the modern economy with gold. “We have added Bitcoin. Frankly, it deserves attention as a new class of assets with a market value of $ 2 trillion, not a company,” he explained.
Lafont argued that Bitcoin’s volatility – once a great deterrence – decreased. “During the last decline, Bitcoin did not fall any more than Nasdaq, a shift,” he said.
He also sees that Bitcoin has gained traction between global macro shifts, including questions about the dollarization and the economic domination of the US. Using global reserve criteria, Lafont said that if Bitcoin would go from representing 0.5% to 1-2% of the global net value, his valuation could increase. “Some of them could reach $ 100 trillion – but I could not double here. But could it double here? New Year’s Eve and Recently reached $ 107,000 in recent times and rose to the highest level of over $ 111,000 in May.
