Billionaire Hedge Fund Manager Says He Made Major Mistake When Buying Bitcoin

Billionaire Hedge Fund Manager Says He Made Major Mistake When Buying Bitcoin


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.

 

Trending: Amazon Series “Utopia” Includes Plot to Release Virus & Depopulate the World with Vaccine

“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

Continue reading

You Might Like

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend