With the growth of popularity of Bitcoin, only the lazy would not try to guess what its price woulb be in the future. Some believe Bitcoin will reach fabulous heighs, while others are pretty sceptical about Bitcoin and other digital currencies in general. One of the most incredible predictions was made by internet security expert John McAfee, who said that Bitcoin would reach $500,000 by 2020.

Last year, Julian Hosp, cryptocurrency entrepreneur and the founder of TenX, said that Bitcoin would hit $60,000 in 2018. Hedge Fund CEO Phillip Nunn has taken the same view. Crypto Trader Brian Kelly believes in this currency as well, saying that the drop in Bitcoin’s price in June didn’t mean that Bitcoin was dead.

Recently, an anonymous investor bet Bitcoin will surpass Berkshire Hathaway’s stock by 2023, which means Bitcoin will have to appreciate by more than 40 times by that time.

Among other investors optimistic about Bitcoin is Marc Lasry, the co-founder of Avenue Capital Group and owner of the National Basketball Association’s Milwaukee Bucks. He said that as Bitcoin becomes more accepted and easier to trade, its price could reach up to $40,000. Lasry said:

“You are hoping that as it gets more into the mainstream, and as more markets end up allowing it to trade where it’s freely tradable, to me that’s more the market bet … I think you will have something that ends up being somewhere at $20,000 to $40,000.”

Speaking during the “Squawk Box” segment, Lasry said he has invested around 1 percent of his personal fund in bitcoin. He expects bitcoin to become the most beneficial for investors out of all the cryptocurrencies. He added:

“I like bitcoin because it’s the one that where everybody is going to come to.”

In December, Lasry expressed regret about not buying bitcoin earlier, when it was at $300 just a couple of years ago.

According to the data from CoinMarketCap, the price of Bitcoin at the moment of writing makes up $7.344, it has lost 1,12% in the last 24 hours.

Last year, the cryptocurrency was nearing $20,000, and after a drop, it was struggling to regain its position. In the first six months of this year, Bitcoin lost more than half its value. However, the price of bitcoin spiked on Tuesday. According to experts, the jump had more to do with technical levels than any other catalyst.

The post Bitcoin Price Could Hit $40,000, Says Billionaire Investor Marc Lasry appeared first on CoinSpeaker.

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