• Lawrence Lepard predicts Bitcoin will reach $1 million.
• The future could see BTC becoming the foundation of monetary systems.

After soaring over $73,000, Bitcoin [BTC] was down by 7.66% over the last 24 hours, as per CoinMarketCap. At press time, BTC was trading at $67,310.78.

This drop might lead investors to consider selling the dip. However, is selling really the best move? On the recent episode of Coin Stories Podcast, Lawrence Lepard, Investment Manager at Equity Management Associates, offered a contrarian viewpoint. 

He cautioned against the knee-jerk reaction of selling during dips, referencing the regret felt by those who exited the market when Bitcoin’s price significantly dropped. The exec expressed his belief in HODLing, stating: 

“Bitcoiners are going to be wealthy when these coins are worth a million dollars a coin.”

Should you buy BTC at $72K?

The exec believes that even at $72,000, the king coin is an investment worth considering. He remarked,

“If you’re buying it at 72 today,  it feels like you’re paying too much…Pretty much everybody who’s in Bitcoin feels like they’re too late, and they’re overpaying until about five or ten years go by…and people are saying you have one whole coin!” 

He also advocated for Bitcoin as a superior savings mechanism, making the investment immune to currency debasement. 

Strategies to navigate Bitcoin’s volatility

Discussing the nature of Bitcoin’s market movements, Lepard highlighted the pattern of ‘higher highs and higher lows’

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Author: Kamina Gilani

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