Bitcoin (BTC) Price Prediction: Hedge Fund Manager James Lavish Says BTC Could Rise to $428,000

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.

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

Bitcoin Could Rise To $428,000 If It Becomes 1% Of World’s Investment Assets

Lavish mentioned in an X (formerly Twitter) post that Bitcoin could 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.

suggesting that there’s still a lot of room for growth. He added that BTC will continue to enjoy an impressive liquidity flow into its ecosystem as more institutional investors become bullish on the primary cryptocurrency.

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. He also 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 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 on the primary cryptocurrency. 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 also important to note that governments worldwide could 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.

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