Lawrence Lepard shares his insights on trading Bitcoin and believes the asset holds long-term potential that can even surpass the US dollar.
This drop might lead investors to consider selling the dip.of Coin Stories Podcast, Lawrence Lepard, Investment Manager at Equity Management Associates, offered a contrarian viewpoint.
“If you’re buying it at 72 today, it feels like you’re paying too much…Pretty much everybody who’s in Bitcoin feels like they’re too late, and they’re overpaying until about five or ten years go by…and people are saying you have one whole coin!” Lepard highlighted that a long-term perspective typically results in a gain despite temporary dips in purchasing power. He advised investors to view market downturns as buying opportunities, not selling.characterized Bitcoin as property, a view supported by Lepard. However, property is subject to taxation.Addressing this, Lepard noted that taxes on property mainly apply to physical real estate, with investment gains taxed upon realization.
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