The CEO and co-founder of hedge fund Avenue Capital Group Marc Lasry harbors one regret over his Bitcoin investment.
In a new interview with CNBC, Lasry who is worth approximately $1.8 billion says that he ought to have purchased more Bitcoin when it was trading lower.
“I think the probability as more and more people keep using Bitcoin, it’s going to keep moving up. But, yeah, it’s happened a little bit quicker than I thought it would. I should have bought a lot more. That’s my mistake.”
When Bitcoin was trading below the $8,000 level three years ago, Lasry predicted that it could hit $40,000. The hedge funder explains that his prediction was predicated on institutional investors entering the space and driving up Bitcoin’s price.
“…once a market is created, it’s there. That to me was the reason why I thought it was interesting on Bitcoin. And I thought that as soon as you had institutional investors coming