Philippe Laffont, the billionaire behind Coatue Management, has dropped Bitcoin on the “Fantastic 40” and has fallen into his own list of nominations that he thinks will shine as a top investment over the next five years.
Laffont ranked Bitcoin alongside Amazon, Microsoft, Nvidia and Meta, leaving out Apple and Google.
He says he wakes up at 3am wondering why he drove him to reconsider his stance. Based on a report from CNBC, he hasn’t bought it yet, but believes its market capitalization could jump above $5 trillion by 2030.
Billionaires on Bitcoin are bright
According to his own research, Coatue Management Big Boss has risen to a $5.7 trillion valuation by Microsoft, and Nvidia believes it will reach $5.6 trillion over the next five years.
He paints Bitcoin as a rival asset, and predicts it more than doubled today from around $2.1 trillion. He says a global net worth of between $450 and $500 trillion gives room for new winners.
Stocks are on the ground at nearly $120 trillion and gold is around $20 trillion. His case is based on a greater acceptance, with prices fluctuating smoothly.
https://www.youtube.com/watch?v=irocozeuygs
Bold Market Cap forecast
Based on his numbers, Bitcoin must average annual growth rates of around 10-15% per year to reach $5 trillion by 2030. He thinks it’s been reduced to about half that from 5-7% of the daily movement. It makes the code feel like a Nasdaq, he says.
Big names point out decooperativeness as another tailwind. If the global player leaves the US dollar, Bitcoin can pick up more steam.
When Bitcoin spikes overnight and you’re left staring at your screen, that’s pure FOMO in action. Image: WorkLife
Unstable views from others
Not everyone is sure. Eric Semler of Semler Scientific Notes says many hedge funds still doubt the sustainability of Bitcoin. They fear that if the factors behind US President Donald Trump fade, the momentum will fade away.
Meanwhile, Bybit’s Shunyet Jan is forecasting Bitcoin at $125,000 by the end of Q2 if the current trend holds. Crypto analyst Scott Melker is heading further, predicting it will surge to $250,000 by the end of 2025 thanks to more large investors jumping in.
Semler’s own bet
Semler Scientific already owns 4,450 BTC. The company plans to build it to 10,000 by the end of the year. The chairman says many of his peers are not ready to follow the lawsuit. They believe that Bitcoin is too tied to politics. That attention holds some large wallets on the bystander.
What’s not going well
Regulation movements continue to be the biggest wildcard. Strict rules can halt growth and scare new buyers. The competition is also rising. Ether staking, layer 2 networks and central bank digital currencies could shatter the Bitcoin crown. And it could potentially cut Crypto down with strong rebounds in the US dollar or a wide range of stock sales.
Mrwall Paper featured images, TradingView chart
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