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investing.com There is a saying in the world of economics that market makers use a lot: “Bears look smart most of the time, but bulls make a fortune.” This saying is used by dreamers in the face of the current economic reality. Below is an account of the most important statements and expectations of one of the dreamers with regard to Bitcoin. Do you agree with him?
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The collapse of the US dollar..and the flag will go to this currency
In several of his comments published in recent weeks, Larry Leppard, founder and managing partner of Equity Management Associates, said that the American is heading towards a complete collapse, which he believes will lead to a massive rise in the price of .
In an interview given by Kitco on April 4 but broadcast yesterday, he said it was now clear that the dollar was continuing its decades-long downward spiral..
More specifically, Leppard expects the dollar to be completely gone within ten years, and says people will turn to bitcoin and other scarce assets.
“I think the smart people in the world, and eventually most people follow them, are starting to understand the trick and they are realizing that fiat money is constantly losing value, and as this trend increases, people will go to Bitcoin,” he explained.
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Bitcoin will only go up?
“They’re going to go to bitcoin. They’re going to go to . They’re going to go to real estate. The currency is not being managed properly,” Larry explains.
But Bitcoin’s strong point for Larry is the 21 million bitcoin cap, which he believes gives it a major advantage over gold and will allow its price to reach $10 million per token. BTC The long-term.
“If gold reaches $10,000 tomorrow, we will extract more gold. There is no doubt that we know where it is, but it is not profitable to extract it from the ground [في الوقت الحالي] On the other hand, he explained, “if bitcoin reaches $100,000 tomorrow, it will not be possible to add more bitcoins.” “
$100,000 is not the goal
Regarding the steps that will lead to this goal, Leppard explained, “As more and more people realize that they have to save money this way, the price will go up in my opinion. I think we’ll get to $100,000, then I think we’ll get to $1 million, and finally, I think we will get to 10,000,000 dollars a coin.I’m sure my grandchildren will be shocked by people who own a coin.That would be a huge amount “.
important warning
However, Leppard warned that the digital currency will continue to be very volatile, with significant corrections along the way.
Finally, on the risks to such an overly optimistic forecast, Mr. Leppard considered that governments could try to slow mass adoption of bitcoin by making it more difficult to get in and out of the markets and raise related taxes, but he doubted that this would have a lasting effect.
