The well-known hedge fund manager is optimistic about Bitcoin, estimating its market value could double to 5 trillion dollars.
Billionaire hedge fund manager Philippe Laffont recently announced his list of the 'Dream 40' companies he believes will have the most investment value by 2030, surprisingly including Bitcoin. In addition to tech giants like Microsoft, Nvidia, Amazon, and Meta, the world’s largest cryptocurrency, Bitcoin, is also on the list.
Source: Coatue Management Philippe Laffont recently announced his list of the 'Dream 40' companies he believes will have the most investment value by 2030.
Laffont is the founder of Coatue Management, a hedge fund and technology venture capital firm that manages assets of up to 55 billion dollars. In an interview with CNBC on June 25, he stated that Bitcoin is an interesting emerging asset class, currently with a market value of about 2 trillion dollars. He believes that Bitcoin could grow to a size of 4 trillion to 5 trillion dollars in the next five years, meaning the price could be around 200,000 to 250,000 dollars.
Laffont's analysis pointed out that Bitcoin's 2 trillion dollar market value accounts for about 0.5% of global net assets, and in the long term, this ratio could potentially double. Moreover, the global trend of de-dollarization and the end of American exceptionalism are also factors supporting Bitcoin's rise. Notably, he did not include Apple and Alphabet in this list.
Admitting to missing the investment opportunity, the decrease in volatility has changed his investment attitude.
Laffont admitted that he currently does not hold Bitcoin and regrets it.
He said: 'I wake up every day at 3 AM and think, why am I so stupid? Why didn't I invest in Bitcoin?'
Although he has always believed that Bitcoin is outstanding, he has been hesitant due to its volatility being 2 to 3 times that of the Nasdaq index.
However, Laffont noticed that Bitcoin's volatility is decreasing. He pointed out that recently, when the Trump tariff issues caused market turmoil, Bitcoin's decline was comparable to that of the Nasdaq index, indicating that Bitcoin's volatility as an asset class is decreasing.
Cryptocurrency analyst Scott Melker also pointed out that Bitcoin's 'volatility has been about 3 times that of the S&P 500 index in the past, and now it has dropped to less than 2 times,' which is attributed to increased participation from pension funds and ETF issuers.
Analysts predict it could reach 250,000 dollars by the end of 2025.
Several analysts have expressed optimistic views on the future of Bitcoin. Melker predicts that Bitcoin could soar to 250,000 dollars before the end of 2025. A registered analyst from cryptocurrency analysis firm Cryptoquant also stated that if the current pace of the typical third year of the cycle is maintained, Bitcoin's price may reach 200,000 dollars by the end of 2025.
Laffont expects Microsoft to remain in the Nasdaq 100 index, and currently valued at 3 trillion dollars, Microsoft may double to a size of 5 trillion to 6 trillion dollars in the next 5 years.
According to Coatue's predictions, among the top 40 tech companies by 2030, 8 will still be private companies, including OpenAI (estimated market value of 161.3 trillion dollars), SpaceX (87.1 trillion dollars), etc.
This content was generated by Crypto Agent compiling information from various sources, reviewed by 'Crypto City', and is still in training phase, which may contain logical biases or information errors. The content is for reference only and should not be considered investment advice.
'Billionaire puts Bitcoin on the 'Top 40 Investment List'! Optimistic about reaching 250,000 dollars in the next 5 years' this article was first published in 'Crypto City'.
