The Avenue Capital Groups chairman and CEO Marc Lasry was speaking on the Squark Box segment of CNBC and said, “I have invested around 1% of my personal wealth into Bitcoin. Why? because of his belief that Bitcoin will be between $20,000 to $40,000 in the not too distant future.” The Avenue Capital Group has an estimated worth in assets of $9.6 million.
According to the Forbes Rich list, Lawry’s wealth is estimated at $1.7 billion just in his personal fortune and while there are many people investing in all kinds of cryptos currewncies, Lawry’s preference is Bitcoin.
Lasry is one of Wall Streets renowned “Vultures” it was a few years ago that he first invested in Bitcoin but this last year he has invested heavily.