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Hedge fund manager James Lavish<\/span><\/a> has predicted that <\/span>Bitcoin could rise to $428,000<\/span><\/a> at some point. He also mentioned what needs to happen for the flagship crypto to reach such an ambitious price target.\u00a0<\/span><\/p>\n Lavish mentioned in an X (formerly Twitter) <\/span>post<\/span><\/a> that <\/span>Bitcoin would rise to $428,000<\/span><\/a> when it becomes 1% of the $900 trillion investment assets worldwide. The hedge fund manager made this prediction while revealing that Bitcoin, at its current price, only accounts for 0.15% of the capital in these <\/span>investment assets<\/span><\/a>.<\/span><\/p>\n The idea is that BTC will become widely adopted to the extent that it sees most of the global liquidity flow into its ecosystem. Such an <\/span>inflow of new money<\/span><\/a> would undoubtedly spark a massive rally for the flagship crypto, seeing how much valuable assets like gold are currently worth, thanks to their liquidity.\u00a0<\/span><\/p>\n Interestingly, crypto pundit and Bitcoin maximalist Mark Harvey had <\/span>previously shared<\/span><\/a> a similar view to Lavish\u2019s. Harvey predicted that Bitcoin could rise to $415,000 if it captured 1% of the global assets. Meanwhile, he made an ultra-bullish case for Bitcoin, predicting that it could rise to $17 trillion if it managed to capture most of the monetary premium of asset classes.\u00a0<\/span><\/p>\n The asset classes in question include gold, silver, equities, real estate, fiat money, and bonds. Harvey claimed that Bitcoin could steal a massive chunk of the global investment from these other assets as the flagship crypto becomes the <\/span>most preferred option<\/span><\/a> for people to preserve their money. The crypto pundit also described Bitcoin as a \u201csuperior form of property\u201d to the rest.\u00a0<\/span><\/p>\n Indeed, a case can be made for BTC being superior to all other assets, considering how it has outperformed the traditional market over the last 14 years. NewsBTC <\/span>recently reported<\/span><\/a> that digital assets led by BTC have been the best-performing assets in 11 of the last 14 years. Bitcoin is again outperforming these traditional assets with a year-to-date (YTD) gain of over 50%.\u00a0<\/span><\/p>\n Bitcoin is undoubtedly enjoying a broader adoption in this market cycle, especially thanks to the launch of the <\/span>Spot Bitcoin ETFs<\/span><\/a>, which are available not only in the United States but also in other countries like <\/span>Hong Kong<\/span><\/a> and <\/span>Australia<\/span><\/a>. Thanks to these investment funds, Bitcoin now has the attention of more institutional investors, who are becoming more inclined to the flagship crypto.\u00a0<\/span><\/p>\n Bitcoin will continue to enjoy an impressive liquidity flow into its ecosystem as more <\/span>institutional investors<\/span><\/a> become bullish. Moreover, Bitcoin\u2019s being touted as a \u2018<\/span>digital gold<\/span><\/a>\u2019 has made it more attractive to investors since this narrative places it as a better option to gold. This has led to projections that Bitcoin could surpass gold\u2019s market cap of $16 trillion.\u00a0<\/span><\/p>\n Meanwhile, it is worth mentioning that governments worldwide could also play a huge role in Bitcoin\u2019s meteoric rise as they begin to adopt the flagship crypto as a reserve asset. A country like <\/span>El Salvador<\/span><\/a> is well on this path, while the United States could join soon enough, with <\/span>Donald Trump<\/span><\/a> promising to create a strategic national Bitcoin reserve if elected.\u00a0<\/span><\/p>\n Featured image created with Dall.E, chart from Tradingview.com<\/p>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":" Hedge fund manager James Lavish has predicted that Bitcoin could rise to $428,000 at some point. He also mentioned what needs to happen for the flagship crypto to reach such an ambitious price target.\u00a0 How Bitcoin Could Rise To $428,000 Lavish mentioned in an X (formerly Twitter) post that Bitcoin would rise to $428,000 when […]<\/p>\n","protected":false},"author":1,"featured_media":25433,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[335],"tags":[302,2027,14202,2028,700,6539],"class_list":["post-25432","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin","tag-fund","tag-hedge","tag-manager","tag-price","tag-reach"],"_links":{"self":[{"href":"https:\/\/www.lsd.hu\/wp-json\/wp\/v2\/posts\/25432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lsd.hu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lsd.hu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lsd.hu\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lsd.hu\/wp-json\/wp\/v2\/comments?post=25432"}],"version-history":[{"count":0,"href":"https:\/\/www.lsd.hu\/wp-json\/wp\/v2\/posts\/25432\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lsd.hu\/wp-json\/wp\/v2\/media\/25433"}],"wp:attachment":[{"href":"https:\/\/www.lsd.hu\/wp-json\/wp\/v2\/media?parent=25432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lsd.hu\/wp-json\/wp\/v2\/categories?post=25432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lsd.hu\/wp-json\/wp\/v2\/tags?post=25432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}How Bitcoin Could Rise To $428,000<\/h2>\n
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BTC Could Well Be On Its Way To Achieving The \u20181%\u2019 Status<\/h2>\n
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