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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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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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The rise of the crypto casinos

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In the hyper-competitive world of online casinos, operators are always looking for ways to stand out from the crowd. The most usual methods include using distinctive branding, offering generous bonuses and making sure that they are on all of the major so-called affiliate sites where players can compare and contrast casinos’ different offerings.

But now a whole new generation of casinos are starting to emerge – ones whose key difference isn’t what and how you play, but more in how you pay.

The rise and rise of the cryptocurrency casino is seen by many as the next logical step in a world that is slowly but surely starting to accept that Bitcoin, Ethereum, Ripple, et al. are certainly here to stay.

Of course, it’s the first of these cryptocurrencies that has really grabbed the headlines and led the way with its meteoric performance in 2017 when it seemed like its $20,000 value was just the start of the story. Admittedly, this was short-lived and the value quickly fell back to a more sustainable level but, if it achieved one thing, it was to cement this exciting new kind of currency in the consciousness of the general public.

Why Bitcoin and online casinos are the perfect partners

In many ways, it’s the perfect partnership between Bitcoin and online casinos with multiple benefits for both.

The first of…

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Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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