Amidst the US dollar collapse that we are seeing these days, we have to address the fact that Bitcoin is surrounded by more and more optimistic predicitons. Check out the latest one, which is huge below.
US dollar collapse and Bitcoin optimistic prediction
It’s been just revealed the fact that the founder of a Boston-based investment management firm says the US dollar is heading toward total collapse. This will turn out to be an event that will fuel a massive rise in the price of Bitcoin.
Larry Lepard, founder, and managing partner at Equity Management Associates, made sure to explain the fact that it’s now obvious that the dollar will continue its decades-long spiral of depreciation, to the benefit of hard assets like BTC.
In a new interview with Kitco, Lepard addressed the fact that the demise of the dollar within ten years, and says people will flock to Bitcoin and other scarce assets once they will come to realize the fact that USD is doomed.
“I think the intelligent people in the world and ultimately most people get the joke and realize that fiat currency is losing value consistently, and as that trend grows people will go to Bitcoin.”
He continued and said the following:
“They’ll go to Bitcoin. They’ll go to gold. They’ll go to property. Nobody’s going to be stupid enough to buy bonds from a set of governments that have proven they can’t manage the currency correctly.”
Lepard also explained that Bitcoin’s capped supply of 21 million coins gives it a key advantage over gold, and will play a central role in its long-term parabolic price rise to $10 million per BTC.
“If gold goes to $10,000 tomorrow, we’re going to mine more gold. There’s just no doubt because we know where it is, it’s just not economic to get it out of the ground [right now].”
He continued and said the following:
“Whereas if Bitcoin goes to a $100,000 tomorrow, there’s not going to be any more Bitcoin created. So that’s a very powerful thing. There’s seven-plus billion people on the planet, and there are 21 million of these coins. It’s a very sound form of money.”
At the moment of writing this article, BTC is trading above $30k.
