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'I should have bought a lot more,' laments billionaire investor on Bitcoin

June 8, 2021. Summarized by summa-bot.

Compression ratio: 35.6%. 1 min read.

Marc Lasry said Bitcoin could go anywhere from $20,000 to $100,000, noting that the market is already established.

In a Tuesday interview with CNBC’s Squawk Box, Lasry said that while the price of Bitcoin (BTC) could go anywhere from $20,000 to $100,000, the market has been established, implying it is unlikely to go to zero.

“Once a market is created, it’s there,” said Lasry.

Lasry’s prediction three years ago came when the price of Bitcoin was under $10,000 following the 2017 bull run and subsequent crash.

At the time, he said BTC investors could make “5 to 10 times their money in 3 to 5 years. ”

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