Categories: Bitcoin Latest News

Hedge Fund Manager Says Bitcoin Price Will Reach $428,000 If This Happens

Hedge fund manager James Lavish has predicted that Bitcoin could rise to $428,000 at some point. He also mentioned what needs to happen for the flagship crypto to reach such an ambitious price target. 

How Bitcoin Could Rise To $428,000

Lavish mentioned in an X (formerly Twitter) post that Bitcoin would rise to $428,000 when it becomes 1% of the $900 trillion investment assets worldwide. The hedge fund manager made this prediction while revealing that Bitcoin, at its current price, only accounts for 0.15% of the capital in these investment assets.

The idea is that BTC will become widely adopted to the extent that it sees most of the global liquidity flow into its ecosystem. Such an inflow of new money would undoubtedly spark a massive rally for the flagship crypto, seeing how much valuable assets like gold are currently worth, thanks to their liquidity. 

Interestingly, crypto pundit and Bitcoin maximalist Mark Harvey had previously shared a similar view to Lavish’s. Harvey predicted that Bitcoin could rise to $415,000 if it captured 1% of the global assets. Meanwhile, he made an ultra-bullish case for Bitcoin, predicting that it could rise to $17 trillion if it managed to capture most of the monetary premium of asset classes. 

The asset classes in question include gold, silver, equities, real estate, fiat money, and bonds. Harvey claimed that Bitcoin could steal a massive chunk of the global investment from these other assets as the flagship crypto becomes the most preferred option for people to preserve their money. The crypto pundit also described Bitcoin as a “superior form of property” to the rest. 

Indeed, a case can be made for BTC being superior to all other assets, considering how it has outperformed the traditional market over the last 14 years. NewsBTC recently reported that digital assets led by BTC have been the best-performing assets in 11 of the last 14 years. Bitcoin is again outperforming these traditional assets with a year-to-date (YTD) gain of over 50%. 

BTC Could Well Be On Its Way To Achieving The ‘1%’ Status

Bitcoin is undoubtedly enjoying a broader adoption in this market cycle, especially thanks to the launch of the Spot Bitcoin ETFs, which are available not only in the United States but also in other countries like Hong Kong and Australia. Thanks to these investment funds, Bitcoin now has the attention of more institutional investors, who are becoming more inclined to the flagship crypto. 

Bitcoin will continue to enjoy an impressive liquidity flow into its ecosystem as more institutional investors become bullish. Moreover, Bitcoin’s being touted as a ‘digital gold’ has made it more attractive to investors since this narrative places it as a better option to gold. This has led to projections that Bitcoin could surpass gold’s market cap of $16 trillion. 

Meanwhile, it is worth mentioning that governments worldwide could also play a huge role in Bitcoin’s meteoric rise as they begin to adopt the flagship crypto as a reserve asset. A country like El Salvador is well on this path, while the United States could join soon enough, with Donald Trump promising to create a strategic national Bitcoin reserve if elected. 

[#item_full_content]NewsBTCRead More

Recent Posts

Buy As Much Bitcoin As You Can Before $100K

Follow Nikolaus On X Here Today, Fox Business’s Eleanor Terrett revealed that the Pennsylvania House…

6 minutes ago

MicroStrategy’s Bitcoin Strategy Won’t Work As Well for Other Companies

Look, I am not an expert in public markets, but raising money to buy more…

6 minutes ago

Bitcoin Trader Unrealized Profit Margins At High Levels – Risk Of Correction?

Bitcoin set a new all-time high yesterday, reaching $93,483, continuing its impressive rally without significant…

1 hour ago

Dogecoin Price Could See Swift 175% Surge As DOGE/BTC Pair Records Major Breakout

The Dogecoin price recently surged 20% after President-elect Donald Trump announced the formation of a…

2 hours ago

More Nodeless Non-custodial Bitcoin Lightning Wallets, Por Favor

Follow Frank on X. On Tuesday, Breez announced its latest partner, Yopaki, a Mexican neobank. Yopaki…

3 hours ago

First Mover Americas: Bitcoin Trades Around $91K as ETF Inflows Remain Strong

The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 14,…

4 hours ago