Serious Dollar Collapse Fear Drives Huge $5 Trillion 2030 Bitcoin Price Prediction To Rival Nvidia And Microsoft
Bitcoin and crypto have rocketed higher over the last year, surging along with stock markets despite fears of a 'Doomsday' scenario for the markets and the bitcoin price.
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The bitcoin price has soared back toward its all-time high of $112,000 per bitcoin, up around 50% from its April lows and helped by U.S. president Donald Trump surprising traders with a 'massive' crypto prediction.
Now, as the crypto market braces for a Congress game-changer predicted to 'unleash' trillions, a legendary billionaire has said he expects global 'de-dollarization" to catapult the bitcoin price to a $5 trillion market capitalization by 2030—putting it alongside technology giants Nvidia and Microsoft.
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The "de-dollarisation of the world [and] the end of U.S. exceptionalism" has been named as the ... More driving force behind a huge $5 trillion bitcoin price prediction.
Philippe Laffont, the billionaire founder of hedge fund Coatue Management, has added bitcoin to his Fantastic 40 list, a collection of investments he thinks will be the biggest winners over the next five years.
Laffont's list, which features Microsoft, Nvidia, bitcoin, Amazon and Meta as the top five and doesn't include tech giants Apple or Google at all, can be seen in full here.
"I wake up every day at three in the morning and I'm like, 'why am I such an idiot? What have I been waiting for, not being involved in it?' And it just goes up and up," Laffont told CNBC, adding that, 'sometimes you have to change your mind and you have to say, well, 'I made a mistake.''
According to Laffont, who claims he hasn't bought bitcoin yet, its price could more than double to give bitcoin a market capitalization of over $5 trillion by 2030, with Microsoft forecast to soar to $5.7 trillion and Nvidia to $5.6 trillion.
"I always thought, bitcoin's amazing, but it's double or triple the volatility of the Nasdaq," Laffont said. "It seems its volatility as an asset class is coming down."
Laffont pointed to the gold's $22 trillion market cap as justification for bitcoin's performance over the next few years, along with "the de-dollarisation of the world [and] the end of U.S. exceptionalism."
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