It is certain that bitcoin is the hope of many investors. The latter see everywhere the harbingers of the exponential valuation of the flagship crypto. Clues that, to say the least, seem to contradict each other.
Bitcoin could benefit from the depreciation of the dollar
Some believe that bitcoin (BTC) can no longer make people rich like in the past. The fact remains, for others, that its value will explode. And this opinion seems to be more and more present in the opinion of several investors. Larry Lepard is one of the latter.
On Monday April 10, the founder and managing partner of Equity Management Associates delivered his BTC valuation scenario. His argument is not due to the rush which the latter will be subject to given the fears of inflation in the American economy. If there was an explosion of bitcoin, it would, according to him, be closely linked to the depreciation of the dollar.
What Lepard believes is that the more the latter will increase, the more bitcoin will reach new heights. This dynamic would be the reverse of the loss of confidence in fiat money. A situation that will encourage many investors to inject money into high-potential assets such as bitcoin.
“I think most people realize that fiat money is constantly losing value, and that this trend is growing. [De ce fait, Ndlr] people will go to bitcoin. They will go for gold. They will go to real estate. No one will be stupid enough to buy bonds from a collection of governments that have proven their inability to manage money properly,” launched the investor.
In this context, reinforced by the options of using blockchain technology, Lepard sees a bitcoin reaching the value of $10 million! A figure that is both laughable and incredible which, according to its own words, could “shock his grandchildren”.
Optimistic as he is, the head of Equity Management Associates believes that the flagship crypto still remains very volatile. This, with the possibility of suffering major shipwrecks during its journey. A risk that does not cancel its potential, despite the vain attempts of the federal state to limit it.
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