Billionaire Hedge Fund Manager Marc Lasry Wishes He Had Bought More Bitcoin

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American billionaire hedge fund manager and manager Marc Lasry admitted he regrets not buying more Bitcoin (CRYPTO: BTC).

© Provided by Benzinga

What Happened: During a recent interview with CNBC, Lasry predicted that Bitcoin would see both its price and adoption increase.

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“The probability as more and more people keep using Bitcoin is going to keep moving up. It’s happened a little bit quicker than I thought it would. I should have bought a lot more,” he said.

Read also: Institutions Turn Bearish On Bitcoin As Weekly Outflows Reach Record $141M: CoinShares Report

Lasry successfully predicted that Bitcoin would hit $40,000 in the next few years in 2018 — when Bitcoin was trading under $7,500 — during another CNBC interview, when he also predicted that those who invested in the coin would make “5 to 10 times their money in 3 to 5 years.”

Price Action: According to CoinMarketCap data, Bitcoin’s price fell by over 13% from a 24-hour high of $36,066 to its current price of $32,833.

 

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