Bitcoin to $180K, Gold to $7K, Silver to $200… In X Months!

**Lawrence Lepard** (0:00)
The answer to why I'm so bullish is, it's really just math.

**Ran Neuner** (0:02)
Lawrence Lepard projects 7,000 on gold, 180,000 on bitcoin and 200 on solver.

**Lawrence Lepard** (0:08)
I think you gotta give me 18 months. I'm very confident in 18 months it will be at all three of those numbers. The market has really got this wrong. They can't raise rates. They're gonna run the economy hot, they're gonna run inflation hot, they're gonna lie about it.

**Ran Neuner** (0:19)
I mean, I wanna address the elephant in the room. Like, why does bitcoin not respond to all of this? The thesis has played out.

**Lawrence Lepard** (0:25)
Bitcoin responds, but with a lag. Bitcoin is liquidity indicator. The coin is actually telling you that they need to print more money.

**Ran Neuner** (0:32)
He's either playing the ratings agencies or he's completely lost the plot. He just needs to do nothing.

**Lawrence Lepard** (0:38)
The dealer right now ought to just sit on his hands and shut up and wait for the bitcoin price to go higher.

**Ran Neuner** (0:41)
Exactly. The problem is when they come, they usually come with some kind of financial catastrophe.

**Lawrence Lepard** (0:45)
We had the first one in 2008, we had the last one in 2020, the next one's coming.

**Ran Neuner** (0:54)
Right now, everyone's distracted by the AI trade. And it's no wonder that everyone's distracted by the AI trade, because when you look at stock markets and they look like this, literally breaking out to new highs every single day, even breaking out of parallel channels, it is quite easy to be distracted by the shiny object or the market that is running now. But my guest today argues that while everyone is focused on the AI trade and on the S&P 500, that might actually be in a bubble. And what he says is that the real trade is the one that nobody's focusing on. In fact, he says the trade that nobody's focusing on is this trade over here, which is gold, bitcoin and silver. And he makes some bold projections. He says that gold will get to $7000. And just as a frame of reference, gold is trading at $4200 as we make this video. He says that silver should be at $200. And again, as a frame of reference, silver trading at $61 and bitcoin, which is our darling, should be trading at $200000, which is now trading at $64000 and pretty much doesn't move.
And when I challenge them and I ask them, well, you know, why are you so confident? He said, look, it's basic math.
And he asked me to give him a time frame. He asked me to give him 18 months to get this prediction right. Now, the question is, why is he so confident? And what is the road between where we are today and these bold numbers that he put out there? And that's what we're gonna be talking to Larry about today. It's a great honor to have Larry here. We're gonna be grilling him on the road to all these numbers. So without further ado, let me bring Larry on to the show. Larry, welcome to Banter, I know it's your first time here.

**Lawrence Lepard** (2:24)
Yeah, very nice to be with you. Yeah, the answer to why I'm so bullish is really just math, you know?
And I would say, just to condition those projections, I think you gotta give me 18 months. That's not happening tomorrow. And by the way, it could happen in quicker than 18 months, but I'm very confident in 18 months that we'll be at all three of those numbers. And let me explain why.
The math of the situation is such that the global money supply needs to grow aggressively in order to support the growth of debt. And this has always been the mismatch and the problem with the fiat currency system. And what happens is that as the debt continues to grow and they try and grow debt in order to fuel growth, the money supply has to keep up with it because there has to be money to pay the interest on the debt and to make principal repayments. And as we all know, the debt has been growing very rapidly almost at an increasingly rapid rate. And yes, as you're posting the US debt clock, I mean, we're very close to going over the $40 trillion mark. And it didn't take very long for the last three and a half trillion to come in. It's come in in the last year and a half. And so what's going on is that the Fed has been restrictive since early 22 when Powell, well, generally restrictive when Powell increased rates to fight the COVID inflation. And then they started a small cutting campaign, but they've stayed more on the restrictive side last year. And I'm making the bet that they just can't continue to do that, that they are either going to have to cut rates or that there's going to be another market accident as a result of the money supply not keeping up with the debt growth. And this is really what happened in 2008, and it's what happened in COVID. And there's some charts that I've shown in the past in my presentations, my quarterly reports that show this growth in money supply tracking the growth in debt. And so what I would say is that that's going to lead to what I call the next big print. And we've already had two big prints, one in 2008, one in 2020 And I think they're going to be forced into doing another one. And there are already starting to be cracks in the system that suggests that it's very likely to come within the next 18 months. And so we can talk about the facts or whatever you like.