“The probability as more and more people keep using Bitcoin, it’s going to keep moving up,” said Marc Lasry.
Marc Lasry, co-founder and CEO of Avenue Capital Group, believes that despite recent volatility in the crypto market, it likely isn’t going away.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. The billionaire commented that his 2018 prediction that BTC would reach $40,000 was based on institutional investors driving interest. “Once a market is created, it’s there,” said Lasry. “The probability as more and more people keep using Bitcoin, it’s going to keep moving up. It’s happened a little bit quicker than I thought it would.”He added:“I should have bought a lot more — that was my mistake.”Lasry’s prediction three years ago came when
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