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Billionaire Predicts Bitcoin (BTC) Future Price

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Marc Lasry, the billionaire investor, and a co-founder of Avenue Capital Group spoke recently about Bitcoin (BTC) price and has even given his own price predictions. Lasry believes that Bitcoin will reach $40,000 in the next few years, and regrets not buying it sooner.

Marc Lasry sees Bitcoin hitting $40,000 due to easy trading

In one of his recent interviews, a well-known Bitcoin (BTC) supporter and a billionaire, Marc Lasry, decided to even give his price predictions for the future of the coin. Despite the fact that predicting the prices of cryptos is almost impossible to do due to the market’s unstable nature, many people have found price predicting to be their new favorite activity.

As for Lasry, he believes that Bitcoin can only go bullish from here on and that its price is bound to hit $40,000 within a few years.

Lasry seems to be pretty confident with his prediction, and he stated that his debt management company, which has control of around $9.5 billion when it comes to assets, has seen a large spike up in crypto trading. According to him, Bitcoin’s price is directly connected to the increase in coin’s use, and the more it manages to tap into the mainstream, the more it will rise.

Bitcoin, as well as other cryptos, are slowly but surely advancing when it comes to their adoption in many countries around the world. Despite continuous efforts by some to undermine the rise of cryptos, it would seem that digital currencies are attracting more and more attention with each passing week. With that in mind, Lasry predicts that BTC investors can make 5 to 10 times bigger returns within the next 3 to 5 years.

He also mentioned recently that his only regret is not buying BTC sooner. Earlier this week, he converted a significant amount of his net worth to BTC tokens, which has proven to everyone that Lasry truly believes in BTC’s success. He also stated that he likes Bitcoin the most because it is the coin that everyone will eventually go to.

Other Bitcoin predictions are even more bullish

So far, Lasry’s predictions seem to be true, and Bitcoin has had a $1,000 rise, which has affected nearly the entire crypto market. At the time of writing, Bitcoin is priced at $7,442.62 as per CoinMarketCap.

A lot of institutional investors have taken an interest in talking about Bitcoin and its future recently. Whether optimistic or not, this proves that the interest in cryptos continues to grow and that Bitcoin and the majority of the altcoins are under a microscope at all times. In the end, more and more of these individuals, as well as various banks, companies, and alike, are slowly moving towards the crypto sphere, which can only mean good things for the coins.

However, a lot of people have also been trying to give price predictions, especially when it comes to cryptos. Despite the fact that Lasry’s $40,000-prediction seems impossible at first, we have seen Bitcoin reaching half of that, and that was over half a year ago. Who knows what Bitcoin might achieve in the next few years?

Well, some people, like Tim Draper, tried to provide an answer. According to Draper, Bitcoin can reach the price of a quarter of a million within the next four years. As shocking as this announcement was, it was still not even close to the predictions by John McAfee, who claims that Bitcoin can hit $1 million per coin by 2020.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Bitcoin

Behold The Cryptopreneurs – Overcoming The Obstacles Facing The Blockchain Industry

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Integrating blockchain technology is fast becoming a necessity for enterprise ventures and small or large businesses, but with a growing number of choices in the tech revolution, it’s difficult to pick a direction without feeling overwhelmed or taken advantage of. This is where BEHOLD THE CRYPTOPRENEURS comes in.

Private keys, the myth of anonymity, and the battle against anarchist ideology are only a few of the difficult challenges faced by businesses that want to incorporate blockchain into their culture. Author Dennis H. Lewis guides the reader through those challenges and helps them discover the true potential of investing in this new economic paradigm.

Every business has pain points that must be overcome in order to branch out and thrive in an ever-changing commercial environment. Blockchain has real world solutions and cryptopreneurs are not limited to the cryptocurrencies they invest in but rather how they seize economic and technological opportunities to make it work for them.

Innovation, trust, and solutions can differentiate your business from all the noise, but without a solid marketing plan, a cryptopreneur can have the best idea and never get far. Remember: a million great ideas times zero market presence equals zero success.

Investors want to know there is public interest and enthusiasm in a project before they commit any money to it. As a cryptopreneur, you are tasked with generating that interest from the…

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