Billionaire Marc Lasry Sees Bitcoin Reaching Up To $40,000 As It Becomes More Mainstream And Easier To Trade

July 19, 2018

 

The price of bitcoin could reach up to $40,000 as it becomes more mainstream and easier to trade, billionaire investor Marc Lasry says. In December, Lasry expressed regret about not buying bitcoin sooner, saying he should've bought the cryptocurrency when it was at $300 just a couple of years ago. "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 of the bet," Lasry said in a CNBC Squawk Box interview, adding that he sees bitcoin investors making five to 10 times their money in three to five years.Lasry's day job is running the distressed debt investment firm that he helped start, Avenue Capital Group, which has about $9.6 billion in assets under management. But he said his bitcoin investments were made with his personal money.

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