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Hedge Fund Manager: Bitcoin Will ‘Eventually Be Worth Over $1 Million per Coin’

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Hedge Fund Manager: Bitcoin Will ‘Eventually Be Worth Over $1 Million per Coin’

On Wednesday (January 19), hedge fund manager James Lavish explains using “simple math” why he believes that the price of Bitcoin will eventually reach one million dollars.

Lavish currently works at Texas-based SEC-registered investment advisory firm Luther King Capital Management (“LKCM”), which he joined in 2006, and where he works as COO of LKCM Private Discipline Management, L.P.

According to his bio, Before moving to LKCM, Lavish was “the co-founder and a managing partner of Ranger Arbitrage, Head Arbitrage Trader and Officer of the Compliance Committee for Carlson Capital, Vice President and Risk Arbitrage Trader for Tribeca Investments, worked on the floor of the New York Stock Exchange and the domestic proprietary desk, and international ADR arbitrage desk of S.G. Warburg.” He “graduated with a Bachelor of Arts in Political Science from Yale University.”

Yesterday, Lavish tweeted:

He went on to say:

  • At $42K per coin, $BTC market value = ~$900B, or .13% of global assets. As individuals and asset managers learn about and gain comfort in #Bitcoin, this number grows.
  • 1% = $7T = $337K $BTC 2% = $14T = $667K $BTC 3% = $21T = $1 Million $BTC Forget S2F, use-case valuation models, or other scenarios. This is simple #math.
  • And on January 18, Lavish tweeted:

    Billions and billions of institutional dollars will be looking for a way into #Bitcoin this year. And for the first time ever, you can beat them to the trade.

    Disclaimer

    The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

    Image Credit

    Featured Image by “Maklay62” via Pixabay

    Source: www.cryptoglobe.com

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