Bitcoin Price Expected To Hit $10 Million By These Fund Managers Amid US Dollar Collapse

As the price of Bitcoin broke through the much-vaunted $30,000 level, many got excited about what more the king of crypto can bring to the table. Will Bitcoin shoot for $31,000? $35,000? Or $100,000? The bull run is here, they say.

Forget those puny numbers. They mean nothing. At least, according to these well-known fund managers.

Bitcoin price hit $10 million

Bitcoin aficionados should brace themselves: The founder of a Boston-based investment management firm predicted a surprise Price of $10 million per BTC.

According to Larry Lepard, Founder and Managing Partner of Equity Management Associates, the US dollar is on the verge of crashing, which will cause the price of Bitcoin to skyrocket.

Durable assets, such as Bitcoin, the king of cryptocurrencies, will benefit from the continued devaluation of the dollar, as it has for decades, according to Lepard.

Bold prediction for BTC

He predicted that the price would rise significantly as more people realize they should invest their savings in this way.

“I think we will reach $100,000. Then I think we’ll hit $1 million, and […] ultimately $10 million per piece. I’m sure my grandkids will be shocked by people who own one piece. I mean being a whole coiner is going to be a big deal,” he said.

In a recent interview with Kitco, Lepard predicts that the dollar will crash over the next decade and as a result investors will flock to Bitcoin and other scarce assets.

As the March banking turmoil receded further into the past and investors grew more confident about monetary policy in the United States, Bitcoin breached the $30,000 threshold for the first time since June 10, 2022. .

Image: CoinCu

Analysts link the rise to the public’s anticipation of this week’s US inflation data, which has the potential to affect the Federal Reserve’s monetary policy trajectory.

Lepard goes on to state that he believes that “smart people in the world and ultimately most people get the joke and realize that fiat currency is constantly losing value” and that if this trend continues, more more people will opt for bitcoin.

BTC will hit $10 million, says another fund manager

To back up his claim, another fund manager – Jesse Myers of Protocol Capital – also believes that Bitcoin can reach the price of $10 million per BTC.

According to a report by Daily Hodl, Myers discussed the thought process and timeline behind his bold prediction during an interview with Natalie Brunell on the “Coin Stories” podcast.

In an era of rising debt and currency depreciation, argues Myers, Bitcoin stands out as a safe haven for investors looking for a tangible and rare form of wealth preservation.

Bonds and fiat currency, he said, are risky investments in the current economic environment due to the need for extraordinary levels of money printing to cover national debt and unfunded liabilities.

Crypto total market cap adding more digits and currently at $1.20 trillion on the daily chart at

Prediction: Bitcoin will prevail

Myers says Bitcoin is in a prime position to challenge traditional financial assets as a popular place for investors to deposit their money as the US grapples with $31 trillion in national debt and a staggering $170 trillion unfunded obligations.

Meanwhile, acknowledging that Bitcoin faces challenges, Lepard says he has serious concerns that the technology will fail as he foresees significant use cases and growth and simply cannot imagine a future in which Bitcoin does not prevail. not.

According to Lepard, Bitcoin has a significant advantage over gold due to its limited supply of 21 million coins, and this limitation will play a significant role in the eventual rise of Bitcoin’s parabolic price to $10 million per BTC.

Source: CoinMarketCap

At the time of writing, the price of Bitcoin was trading at $30,093, up 6.27% in the past 24 hours, according to data from crypto market tracker CoinMarketCap.

-Featured image from ShareGrid

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