Billionaire businessman and hedge fund manager Marc Lasry said he should have bought a lot more bitcoins when he correctly predicted bitcoin would go up to $40,000. During an interview with CNBC's Squawk Box, Lasry commented on BTC's performance and the 2020 bull run. He regrets not having bought more, as the price rise happened much faster than he thought – mainly due to institutional investors who adopted the cryptocurrency.
"The probability as more and more people keep using #bitcoin it is going to keep moving up. It's happened a little bit quicker than I thought it would. I should have bought a lot more," says Marc Lasry. #btc pic.twitter.com/qICVIzs61R— Squawk Box (@SquawkCNBC) June 8, 2021
“I think the probability, as more and more people start using Bitcoin, is that it will continue to increase. It happened much faster than I thought it would. I should have bought a lot more. That was my mistake."
Lasry remains optimistic about Bitcoin
Lasry, co-founder and CEO of Avenue Capital Group, has been a relatively optimistic cryptocurrency advocate and investor. He bought an undisclosed amount in cryptocurrency hedge fund BlockTower Capital a few months ago. However, it's not the first time Lasry regrets not buying Bitcoin. In previous interviews, the hedge fund manager has predicted a $40,000 target price for BTC in July 2018. When asked where the market is now and where it might go, he said there are good arguments for both. sides: rise or fall.
“I honestly don't know where this is going, but you have this market, it's there. I could present you with an argument that it could go to $100,000. I could present you with an argument that it could reach $20,000.”
But what matters at the end of the day is that the bitcoin market is consolidated. Digital currency will not die even if it drops to much lower levels. At the time this story was published, each BTC was trading at around $36,590, up 13.33% in the last 24 hours, according to Coingolive data.