The Tell: Wall Street laughed at a call for bitcoin at $25,000—but after a 400% surge, the laughter is fading

Yuk it up! But will Yves Lamoureux have the laugh last?

Back in February when one bitcoin was worth $994, the owner of an eponymously named boutique advisory firm in Montreal forecast that the cryptocurrency would hit $25,000 over the next 10 or 15 years—a figure that is both outlandish and mind-boggling, and it was met with more than just a dollop of skepticism and derision.

However, as the digital currency has surged a breathtaking 400% over the past year, Wall Street may be apt to take Lamoureux’s call a little more seriously. At least, that’s the hope of the 54-year-old former retail broker and trader who established what he describes as macroeconomic research firm, Lamoureux & Co.

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