Billionaire Philippe Laffont bullish on Bitcoin's potential growth to $5.2 trillion market cap by 2030.
From Nasdaq: 2025-06-24 06:15:00
Philippe Laffont, billionaire investor and Coatue Management co-founder, hosted the East Meets West conference, focusing on AI revolution findings. Coatue predicts Bitcoin could reach a $5.2 trillion market cap by 2030, potentially becoming the third most valuable asset globally. Wall Street experts like Tom Lee and Cathie Wood also forecast significant Bitcoin growth.
Bitcoin’s gradual mainstream acceptance stems from factors like retail investor interest in blockchain and DeFi, large financial institutions’ openness to crypto, and companies acquiring Bitcoin for balance sheets. Bitcoin’s scarcity and evolving use cases make it an attractive asset during economic uncertainty, but it remains highly speculative and volatile.
Investors can gain exposure to Bitcoin through spot Bitcoin ETFs like iShares Bitcoin Trust or by investing in crypto exchanges like Coinbase. While Bitcoin has outperformed traditional assets like the S&P 500 and gold, it’s essential to consider its risks and volatility. Overall, Bitcoin can be a valuable addition to a diversified portfolio, but it’s not superior to traditional investments yet.
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Read more at Nasdaq: Billionaire Philippe Laffont Thinks This Could Be Worth More Than Amazon, Meta Platforms, and Tesla By 2030