Billionaire investor Philippe Laffont says that he’s been taking more time to think about Bitcoin, and wondering why he didn’t get involved with BTC earlier.
In a new interview on CNBC, Laffont, the co-founder of hedge fund Coatue Management, says that when trying to estimate the “net worth” of the entire global economy, he feels that it’s not unreasonable for Bitcoin to represent at least one or two percent of that.
Translated into pricing, it would suggest that BTC could double in value at some point in the future, putting the flagship cryptocurrency above the $200,000 mark.
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Says Laffont,
“Every day I do think ‘why do I not own it?’ And I think to be a good investor, it’s not just owning the obvious stock,
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