Philippe Laffont, the billionaire behind Coatue Administration, is starting to query his stance on Bitcoin.
Throughout a CNBC look, the veteran tech investor—who oversees greater than $50 billion in belongings—admitted he’s been second-guessing his choice to remain out of crypto.
“I get up questioning why I nonetheless don’t personal Bitcoin,” he mentioned, signaling a transparent shift in tone from earlier skepticism.
Laffont in contrast Bitcoin’s present $2 trillion market cap to an organization’s valuation and famous that it accounts for simply 0.5% of worldwide wealth. That determine, he speculated, may feasibly develop to 1% and even 2%—whereas calling ultra-bullish $100 trillion projections far-fetched, he didn’t rule out the asset doubling or tripling in worth.
He additionally identified how Bitcoin’s notorious volatility has subsided. As soon as much more unstable than the Nasdaq, Bitcoin’s current value actions have mirrored these of the tech index, hinting at a extra mature market dynamic.
Though he nonetheless hasn’t invested, Laffont didn’t shut the door on doing so. “Typically being investor means admitting you had been unsuitable,” he mentioned—maybe foreshadowing a future pivot into Bitcoin.
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