Billionaire Philippe Laffont Hints at Bitcoin Price Doubling, Says De-dollarization and End of US Exceptionalism Coming Into Play

Billionaire investor Philippe Laffont says he has taken extra time to consider Bitcoin and wonders why he didn’t become involved with BTC earlier than.

In a brand new interview about CNBC, Laffont, the co-founder of the Hedgofonds-Coatue administration, says that when attempting to estimate the “capacity” of the whole world financial system, he believes that it isn’t unreasonable for Bitcoin to signify at the very least one or two p.c of them.

Translated into costs, it will counsel that BTC may double sooner or later sooner or later, in order that the flagship cryptocurrency is above $ 200,000.

Says Laffont,

“Daily I feel” why do not I’ve it? “And I feel it is a good investor, it isn’t solely the possession of the apparent shares, typically it’s important to change your thoughts and say,” Nicely, I’ve made a mistake and I modify ideas, “Bitcoin will likely be like that …

I considered the market capitalization of the world [and] The ability of the world is, I feel $ 450 to $ 500 trillion are shares, for example $ 120 trillion, gold above the bottom is $ 20 trillion. After which Bitcoin is $ 2 trillion. And I used to be okay, effectively $ 2 trillion – say it represents half a p.c of the world’s property, it may go to one of many two. Some individuals say that bitcoin goes to $ 100 trillion, I’m identical to okay, which may be a little bit of an aggressive estimate, however can it double or a interval?

After which we talked in regards to the de-dollarization, the tip of us exceptionally, so that might be the explanations. “

On the time of writing, BTC acts at $ 107,566.

https://www.youtube.com/watch?v=irocozeuys

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Featured picture: Shutterstock/Philipp Tur/Suri Sharma