Told CNBC’s Squawk Box on Wednesday that he sees BTC trading from $20,000 to as high as $40,000 as it goes mainstream. The billionaire investor specified that this level could be reached in a few years as the cryptocurrency becomes easier to trade and accepted in different regions of the world.
Lasry notes how that while Bitcoin has made it into the mainstream, with its monumental price rise in December, it still has a way to go. But if it can continually become easier for investors to use and buy, it will rise.
The markets are currently looking quite enticing to mainstream buyers again as many are calling this brief rally the end of the bear market because of a host of good news around the cryptocurrency space.
On Wednesday, BTC rallied impressively and gained about 10% for the day.
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