Lawrence Lepard, Managing Partner at Equity Management Associates, recently discussed the future of gold and Bitcoin, anticipating significant price movements amid potential economic turmoil. He believes we are nearing a pivotal moment he calls the "next big print," which could trigger a crisis in the financial system, leading to government liquidity injections. Lepard predicts Bitcoin could soar to $300,000 to $350,000 and gold could rise to $4,000 to $5,000 within the next six to 18 months.
However, Lepard warns of the risk of severe deflation and a liquidity crisis despite government interventions. In such a scenario, he foresees Bitcoin dropping to $85,000 to $100,000, with gold also facing a significant correction. He suggests that a second wave of monetary intervention might push Bitcoin to a million dollars and gold to between $20,000 and $40,000 as economic conditions worsen.
Lepard's analysis draws on the "fourth turning" concept, suggesting we are in a period that may lead to a major reset of the financial system by 2027 to 2031. Despite the bleak outlook, he remains optimistic, believing that technological advancements could enhance living standards and promote a decentralized financial system, potentially reducing societal strife.