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Billionaire Marc Lasry Sees Bitcoin's Price Reaching $40,000
Billionaire investor and fund manager Marc Lasry said the price of bitcoin has the potential to reach $40,000.
Updated Sep 14, 2021, 1:48 p.m. Published Jul 19, 2018, 2:00 a.m.
Another billionaire investor has made bullish comments on bitcoin.
Marc Lasry, the co-founder, chairman and CEO of Avenue Capital Group, an investment firm with $9.6 billion in assets under management, weighed in on his bitcoin investment on CNBC Wednesday.
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Speaking during the channel's "Squawk Box" segment, Lasry said he has invested around 1 percent of his personal fund in bitcoin, betting that the world's largest cryptocurrency by market cap might soon be worth as much as $40,000 per coin at some point.
He noted:
"You are hoping that as it gets more into the mainstream, and as more markets end up allowing it to trade where it's freely tradable, to me that's more the market bet ... I think you will have something that ends up being somewhere at $20,000 to $40,000."
Lasry has an estimated $1.7 billion in his personal fortune, according to the 2018 World's Billionaires List released by Forbes.
Although investors are betting on all kinds of cryptos, Lasry believes "the one will have the biggest market benefit is going to be bitcoin."
"I like bitcoin because it's the one that where everybody is going to come to," he said, adding that the price of bitcoin will rise if the average Americans can get access to bitcoin.
One of the Wall Street's most renowned "vulture" investors, Lasry said he has started investment in bitcoin a few years ago, but bought a lot more in the last year.
Bitcoin image via Shutterstock
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
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- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Dogecoin, PEPE rocket as much as 25% as 2026 starts with a bang for memecoins
The broader meme coin market is heating up, with CoinGecko's GMCI Meme Index showing a market value of $33.8 billion and a trading volume of $5.9 billion.
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- Dogecoin and Pepe led a significant meme coin rally, with Dogecoin rising 11% and Pepe surging 17% in a single day.
- The broader meme coin market is heating up, with CoinGecko's GMCI Meme Index showing a market value of $33.8 billion and a trading volume of $5.9 billion.
- Traders are speculating on meme coins as a high-risk, high-reward opportunity amid uneven liquidity and a lack of clear macroeconomic catalysts.
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