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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

3 Cryptocurrencies Most Likely to Follow Bitcoin’s Performance

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For more than a year, the cryptocurrency market has been dominated by bearish influence, with most coins seeing constant drops, or stagnation, at best. This all changed in the past few months, starting with Bitcoin which once again started leading the market up, bringing one minor rally after another.

BTC itself experienced massive losses in 2018, with its price going down by around 84%. Most other coins among the top 10 mirrored its performance, and some of them experienced even greater losses. However, now that Bitcoin sees gains again, these cryptocurrencies are still following its example, and many of them have seen massive breakouts. Some of the more notable altcoins that followed Bitcoin’s recent example are Ethereum (ETH), Stellar (XLM), and Cardano (ADA).

Ethereum performance mirroring Bitcoin’s price

As mentioned, Bitcoin led every rally so far, but before it did, its price first went through what is known as an ascending triangle pattern. The pattern held for around five months, which is exceptionally long for the crypto world. However, once the pattern was finally broken — the coin’s price skyrocketed, more than doubling itself within only two months.

One thing to note is that Ethereum performed in pretty much the same fashion. After five months of struggle and confusion for investors, the second largest cryptocurrency also managed to break the pattern and skyrocket as well. It…

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4 Reasons Why the New Bitcoin Rally Is Unlikely to Stop Now

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After more than a year of declining prices, the crypto market is finally seeing a period of serious recovery — one that has already brought digital currencies to heights not seen in over half a year now.

Only days ago, Bitcoin surged past several major resistance levels and managed to exceed its yearly high of over $8,000. Already, many skeptics are predicting the soon end of the bull run, and the possibility of yet another sharp decline. However, there are signs that suggest otherwise — that this bull run is only getting started, and that it will not end anytime soon.

There are four reasons why this is the case, and they are as follows:

1) Bakkt

There is the long-awaited Bitcoin futures exchange, Bakkt, which recently announced that the July test date for Bitcoin futures is soon to be set. Bakkt’s launch was delayed multiple times already, so the announcement came as quite a surprise. However, it appears that it will happen quite soon, after all.

As soon as its arrival becomes a certainty, Bitcoin will likely skyrocket even further, just like gold did when gold ETF appeared in 2013.

2) Bitcoin completely ignored the hacking of Binance

Binance has been the largest crypto exchange by trading volume for a while now, and as such, many expected that, if anything were to happen to it, Bitcoin…

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Bitcoin

The New Rally Has Arrived: Crypto Market Cap Goes up by $24 Billion Within a Day

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The crypto market’s recovery progresses further, and at a rapid pace, at that. Bitcoin has just surpassed the $8,000 mark, which is the first time its price has been that high since July of last year. In addition, the entire crypto market is making billions within hours.

Bitcoin (BTC) sees another serious surge

In the past 24 hours, the total crypto market cap has gone up by around $24 billion. Meanwhile, BTC price has grown by $1,000 within the same period, as the largest coin traded barely above $7,000 on early Monday. At the time of writing, the coin’s price sits at $8.014.31, with a 14% growth in the last 24 hours. Meanwhile, the BTC market cap has gone up to $141.85 billion, and even the coin’s trading volume surged to over $31 billion.

While many are wondering whether this is a return to the massive heights seen back in 2017 or only a temporary surge which will soon see a correction — no signs of an upcoming decline have been noticed as of yet. In fact, new heights were made and then exceeded multiple times in the past week, with a massive 33% gain during that time. And, with Bitcoin’s dominance at 60%, many are expecting that massive altcoin surges are to be expected as well.

The growth of altcoins can already be seen, as Bitcoin

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