Martin Lalonde: Bitcoin Price Will Easily Triple in a Couple of Years
The head of the crypto-fund is sure that the real rise is yet to come, but it is important not to miss it.
Martin Lalonde, the president and portfolio manager of Rivemont Crypto Fund, believes that Bitcoin will be able to triple its price in the next 24 months without any problems. He stressed that investors are aware of the leading crypto-coins and seek to invest in them. However, Lalonde believes that a half of the portfolio should consist of less well-known crypto-coins that are more speculative, which may eventually show even higher return on investment.
The President of Rivemont Crypto Fund said that the organization makes not only selling but also buying cryptocurrency transactions: on July 4, the Fund invested more than a half of the organization’s funds in Bitcoin and Ethereum, when a local minimum was found for these crypto-coins and went back to fiat money on July 10. He explained that now the cryptocurrency market is still not in a “bullish” mood, and many investors expect that crypto-coins will still fall in price. However, he warns that it is possible back the wrong horse, as those who seriously think that the interest in cryptocurrencies is “exhausted”, they look inattentively at what is happening in the market, where on the contrary an increase in interest in cryptocurrencies has been observed.
Rivemont Crypto Fund, apparently, continue to wait for the optimal entry into the market, as 91% of total assets ($ 2.3 million) is still in fiat. The fund was founded in December 2017, at the peak of Bitcoin price growth. Currently, it is the only crypto-investment fund, whose headquarters is in Canada. It is noteworthy that the organization received the necessary permissions for buying cryptocurrencies from the regulators of Ontario Albert and British Columbia provinces. As a result, Rivemont Crypto Fund has a legal right to invest in Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH) and Ethereum Classic (ETC), as well as in Neo and Dash. In addition, the fund can buy any tokens that appear during the ICO.