The head of Equity Management says that someday bitcoin will be worth $10 million

The head of Equity Management, Larry Lepard, believes that the US dollar is about to collapse, while the main crypto coin, on the contrary, has a chance to grow to $10 million in the future. The founder of the company is sure that the limited supply of 21 million tokens is the main advantage of bitcoin over gold. This will be key to his “long-term parabolic growth to $10 million.”

“If gold rises to $10,000 tomorrow, we will mine more of it. There is no doubt about it, because we know where it is, it’s just not profitable to get it out of the ground [right now],” Lepard said.

At the same time, the entrepreneur believes that the volatility of bitcoin will continue, and in the future, significant declines await him.

“Most people understand the joke and realize that fiat currency is constantly depreciating in value, and as this trend grows, they will switch to digital assets. […] They will go to bitcoin. They will buy gold. They choose real estate. No one would be stupid enough to buy bonds from governments that have proven they can’t manage the currency properly,” the founder of Equity added.

And US presidential candidate Robert Francis Kennedy Jr. believes that Bitcoin and other cryptocurrencies are an alternative to the conservative financial system.

According to a politician planning to run for US Presidents, crypto assets “will pave the way for society to salvation, and the current financial bubble will inevitably burst.”

Robert Kennedy Jr. expressed concern about the Fed’s monetary policy and its interaction with financial institutions.

“Between 2008 and 2022, the Fed partnered with a handful of big banks to print a decade of $10 trillion worth of reserves over 15 years — a bonanza for bankers,” he said.

In addition, the future presidential candidate criticized the digital currencies of central banks. In his opinion, CBDC is “the supreme mechanism of social monitoring and control.”

Kennedy believes that the US government is colluding with financial institutions to destabilize the cryptocurrency industry. The politician believes that the FedNow payment system developed by the Fed “is different from the CBDC from the technical side, but not from the point of view of civil liberties.”