Marc Lasry said Bitcoin could reach $40,000 in the future

Marc Lasry is the co-founder of Avenue Capital Group, a global investment firm that holds $14.1 billion in assets. Additionally, Lasry is also the owner of the Milwaukee Bucks basketball team.

Lasry appeared on CNBC's "Squawk Box" stating that once Bitcoin becomes easier to trade and reaches new levels of acceptance, its price could easily reach $40,000.

The billionaire said:

“I think it's only a matter of time before Bitcoin becomes more popular, when it can be used as payment in most markets, it's just a matter of time today. Over time, people will learn to use it and pay. im.” He later added that he believes that in three to five years the price of Bitcoin will fluctuate between $20,000 and $40,000.

He also noted that he has invested approximately 1% of his “family fortune” in the cryptocurrency space. According to Forbes, Lasry's current net worth is estimated at $1.7 billion, which means his cryptocurrency investments amount to at least $20 million. The billionaire previously spoke about Bitcoin in December. He expressed regret that he did not invest in this industry earlier when he was first introduced to this coin at a price of $300 apiece.

In his interview with Squawk Box, Lasry said that he began buying bitcoins several years ago, but made his largest investment in the cryptocurrency recently, buying the first digital currency at a price of “$5,000 to $5,750.”

When the billionaire was asked about the future of bitcoin, he replied:

"Why I like Bitcoin? Because sooner or later everyone will use it. I see other investors investing in altcoins, and in my opinion, that makes sense too. However, I think that Bitcoin will become the main currency and will influence the market the most."  

This is a pretty weighty opinion, since Bitcoin is rightfully considered the best cryptocurrency investment.

According to ethereumworldnews.com