Billionaire Mark Lasri: Should have bought more bitcoins

The founder of Avenue Capital Management, billionaire Mark Lasri, said that the rapid growth of bitcoin in 2021 exceeded his expectations. He also expressed regret that he had not invested enough in the first cryptocurrency.

“The probability as more and more people keep using #bitcoin it 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,” says Marc Lasry. #btc pic.twitter.com/qICVIzs61R

— Squawk Box (@SquawkCNBC) June 8, 2021

“As more people start using Bitcoin, the chances of continued growth are high. This happened a little faster than I expected. I needed to buy a lot more. Here I was mistaken, ”he said on the air of CNBC.

Commenting on his previous forecast regarding the rise in the price of the coin to $ 40,000, the investor noted that the cryptocurrency market has already formed and nothing threatens him.

“If a market is created, it does not disappear anywhere. For this reason, I became interested in Bitcoin. I thought that with the arrival of institutional investors, the price will start to rise, ”he added.

At the same time, Lasri emphasized that any movement of digital gold can be argued:

“To be honest, I don’t know where Bitcoin is heading. I can justify why it will rise to $ 100,000, but I can also justify why it will fall to $ 20,000. ”

Mark Lasri is known for his bullish expectations for Bitcoin, which he shared, including during the height of the bear market.

In 2018, he placed 1% of his funds in cryptocurrency and predicted that by 2021-2023, the capitalization of the first cryptocurrency will grow 5-10 times.