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Top Investment Manager Says This Is a Once-in-a-Lifetime Opportunity to Buy Bitcoin, as BTC Could Reach $10M
A top investment manager has insisted that, considering the projected Bitcoin trajectory and the asset’s inherent qualities, it is a bargain at current prices.
Bitcoin, the pioneering cryptocurrency, has reclaimed $100,000 after months of sideways trend, yet is far off possible long-term targets. According to Lawrence Lepard, a sound money advocate and founder of Equity Management Associates (EVM), this remains a once in a lifetime opportunity to acquire the flagship crypto asset.
Bitcoin: A Perfect Investment
In a viral video making the rounds today, Lepard noted that the difference between two individuals in the future would be their exposure to Bitcoin. One would regret not buying the soundest money in the universe, and the other would receive accolades for sacrificing to buy a whole Bitcoin.
He noted that being a whole coiner in a few years would be massive, concurring with an assertion from top pundit Lark Davis, who said it would be “absurd” to hold 1 BTC in a few years. The Bitcoin advocate also stressed that 0.1 BTC would be an enormous deal soon, citing the premier asset’s upsurge potential.
Furthermore, Lepard emphasized that Bitcoin is still in its early days, and those who buy now, despite its six-figure valuation, will still be part of the long-term 10x to 1,000x move.
The investment manager stated, “I don’t think you have missed the boat; it (Bitcoin) can come out of the blue.” He added, ‘The thing that is so wild about this asset is the way that it can really move fast.’
Bitcoin’s Path to $10M
Meanwhile, Lepard noted that Bitcoin could easily reach $10 million per coin; hence, his insistence that it is still early to buy. While he did not provide a basis for this assertion in the video, he had earlier highlighted inflation and bad government monetary policy as menaces that would encourage the adoption of hard money like Bitcoin.
Interestingly, a rally to $10 million per coin, which he identified as a long-term plan, would see Bitcoin’s valuation grow to a $210 trillion asset. While this looks lofty at this time, maximalists share the sentiment that $100,000 also looked impeccable at one time in Bitcoin’s history.
For the current cycle, the EVM managing partner noted that Bitcoin would reach $200,000 or $300,000. Notably, there are several other predictions around the lower and midpoint of his price expectation. For perspective, Standard Chartered predicted a surge to $200,000 by year-end, while Sina’s quantile model targets $285,000.
In the meantime, Bitcoin trades at $103,484, 93% away from $200,000 and 190% off the $300,000.
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