With his outlook, Lepard is one of the major crypto figures currently bullish on BTC despite the bear market.
On October 16, Equity Management Associates founder Larry Lepard indicated in his most recent appearance on the Quoth the Raven podcast that BTC/USD could “easily” provide 100x profits from present pricings. “I personally believe Bitcoin’s going to go up 100x.”, he added.
Bullish predictions for the price of Bitcoin are few because the price has been falling for almost a year. However, seasoned analysts still do remain positive regarding their outlook on Bitcoin. One of the loudest voices predicting a seven-figure BTC price in the near future is Lepard, who is already well-known for his optimism regarding both Bitcoin and precious metals.
In fact, Lepard also stated that he is still using the dollar-cost averaging with BTC, and buying a certain amount every week. As a hedge against what he terms a “sovereign debt crisis,” he sees it as a risk to not hold some Bitcoin: “I don’t recommend that anyone invest all of their money in these things, but I do strongly advise that because of the upside optionality, anyone who doesn’t have a position in these things is taking on more risk than they should.”
Lepard further said, ““Bitcoin could go to zero, but I personally believe Bitcoin’s going to go up 100x.”