| 100x.
It's rare to see bullish BTC price predictions considering Bitcoin has been in a downtrend for almost a year, let alone such an optimistic one.
From its current price, that's about $2 million, and within six years no less!
Asset management guru Lawrence "Larry" Lepard, is one of the few voices forecasting a seven-figure BTC price tag in the current environment.
In his appearance on the Quoth the Raven podcast on Oct. 16, the Equity Management Associates founder revealed that it is still dollar-cost averaging into BTC — buying a fixed amount every week, regardless of price.
To Lepard, it's more of a "risk" not having a position in BTC.
When asked whether he believed a single Bitcoin could end up being worth $2 million — 100x more than the current spot price — Lepard did not hesitate.
"Yeah, easily, easily."
Lepard added that the next macro top for BTC/USD should be up to $200,000, followed by another 70% drawdown; roughly in line with another recent price basis.
While those that share this bullish sentiment are few and far between, Lepard is by no means alone.
Serial investor Tim Draper, ARK Investment Management CEO Cathie Wood, and Fundstrat Global Advisors co-founder Tom Lee are just a few that have doubled down on Bitcoin, despite its rocky year.
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