Pfeffer said he anticipates bitcoin to rise to no less than $90,000 and potentially as high as $700,000. This makes even Tom Lee’s prediction of Bitcoin hitting $125,000 in 2022 seem tame by comparison.
Speaking at today’s Ira Sohn Investment Conference, John Pfeffer, partner at Pfeffer Capital unveiled his conference pick and was… bitcoin, and not just bitcoin but a bullish case which would make Tom Lee’s head spin, saying that bitcoin is the first viable candidate to replace gold in the world as it is focused on “decentralization and censorship resistance” and is “vastly easier to store and transact with than gold.”
Pfeffer, an entrepreneur, an investor and author of the book “An (Institutional) Investor’s Take on Cryptoassets is a partner in Pfeffer Capital, and previously at PE firm Kohlberg Kravis Roberts, said he anticipates bitcoin to rise to no less than $90,000 and potentially as high as $700,000. This makes even Tom Lee’s prediction of Bitcoin hitting $125,000 in 2022 seem tame by comparison.
Source/More: John Pfeffer’s Ira Sohn Pick: “Bitcoin To $700,000” | Zero Hedge
