Billionaire Investor Philippe Laffont's Bitcoin Confessions: 'I Regret It A Lot,' He Shared His Expectations Including Price Predictions!

Technology investor and founder of Coatue Management Philippe Laffont made striking statements on a variety of topics from the markets to artificial intelligence, and from tech giants to Bitcoin during his appearance on CNBC's Squawk Box program.

Coatue's manager Laffont, who oversees approximately 55 billion dollars in assets, expressed his doubts about Bitcoin more openly than ever: "Every morning I wake up and ask myself: Why don't I have Bitcoin?"

Laffont stated that Bitcoin can now be evaluated as a "company" in terms of market value, saying, "Today, the market value of Bitcoin is 2 trillion dollars. This corresponds to about 0.5% of the world's net wealth. So, could this ratio be 1% or 2%? Why not?" He mentioned that he finds it "a bit aggressive" for some investors to value Bitcoin at 100 trillion dollars, but still predicted that the asset could double or triple in the coming years.

Laffont pointed out that Bitcoin has been two to three times more volatile compared to Nasdaq in the past, but recently this volatility has decreased and it has now become a more stable investment vehicle. "Bitcoin has dropped as much as Nasdaq in the recent fluctuations, nothing more. This is a very interesting development," he said.

Laffont, who stated that he still has not invested in Bitcoin, left the door open to the possibility of investment with the words, "Being a good investor sometimes means changing your mind. Perhaps I made a mistake and now it is time to change this decision."

*This is not investment advice.

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