Ninjastic
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Re: [2018-07-19] Billionaire Marc Lasry Sees Bitcoin's Price Reaching $40,000
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stomachgrowls
on 21/07/2018, 14:21:17 UTC
Quote from: Betwrong on July 21, 2018, 02:01:16 PM
Quote from: Fatunad on July 19, 2018, 10:58:32 PM
Quote from: Betwrong on July 19, 2018, 02:24:19 PM
Quote from: 1Referee on July 19, 2018, 01:27:48 PM
~
Also, the article fails to state truth; he hasn't actually said that he invested 1% of his capital in Bitcoin. It's just that the value went up high enough to account for 1% of his worth right now. Based on his 'small' investment in Bitcoin it directly points out that it was done to counter the regular economy and the loss of value of his fiat wealth. Smart man he is.

He said he started investing in Bitcoin several years ago but also that he bought a lot more later when the price was around $5,000 - $7,500, so I think he actually invested around 1% of his own capital in Bitcoin, and considering that he has $1.7 billion in his personal fortune, according to Forbes, that's around $17 million, a pretty big money, which a guy like him wouldn't invest without thinking that BTC will rise much higher in the future. He's a smart guy, I agree.
Most investors specially the big ones would always have a doubt first into bitcoin but there were really guys that can see through its potential thats why they do made such decision which as you said its quite a smart thing or move had been done. 1% of his fortune to be invested would be just fine and besides this is the only analysis or price prediction thats somehow realistic yet it do only mention $40k which is reasonable unlike on others saying 60k-120k or even more. lol

He never said when he thinks BTC will be at $40k and if he meant somewhere in the far future, then it is a moderate prediction indeed, because many people, including me, were predicting $40k for the last quarter of this year (and I still think it's possible). Also I think that 120k in 10 years is a pretty reasonable prediction too. Bitcoin adoption has the potential to rise 200 times or even more, and if it weren't for the whales, the price would rise quite as much. Because of their selling along the road the price will hardly rise 200 times, but it can rise 20 times from where it is now.
Anything is possible with bitcoin and it doesnt stop to surprise us when it hit up prices which we do least expected and just like what happened when it reach $20000 in a short years span.
Theres a prediction but the fact we didnt really expect that thing to happen even to those early adopters where the price is still on few dollars some of them sold out and some do strongly believe and somehow forseen on its potential and bitcoin didnt break their expectations and hope this would happen again on future years to come specially crypto is already making a path for it to be adopted even more.