Philippe Laffont—the billionaire behind Coatue Management—went and dropped Bitcoin into his “Fantastic 40,” his own shortlist of what he thinks will shine as top investments over the next five years.
He paints Bitcoin as a rival asset, forecasting it will more than double from roughly $2.1 trillion today. He says the world’s net worth of $450–500 trillion gives room for new winners.
Equities sit near $120 trillion and gold above and under ground at about $20 trillion. His case rests on bigger acceptance and smoother swings in price.
Based on his figures, Bitcoin must average around 10–15% annual growth to hit $5 trillion by 2030. He sees volatility shrinking from daily moves of 5–7% to roughly half of that. That, he says, makes the crypto feel more like the Nasdaq.
Not everyone is convinced. Eric Semler of Semler Scientific notes lots of hedge funds still doubt Bitcoin’s staying power. They worry momentum will vanish once the US President Donald Trump factor fades.
Regulatory moves remain the biggest wild card. Harsh rules could stall growth and scare off new buyers. Competition is rising too. Ether staking, Layer 2 networks and central bank digital currencies might chip away at Bitcoin’s crown. And a strong rebound in the US dollar or a broad stock sell-off could pull crypto down with it.
Featured image from MrWallpaper, chart from TradingView
