Lawrence Lepard

@LawrenceLepard
D
35.2 / 100
Last researched 22 Jul 2026, 08:10 UTC

Lawrence Lepard, founder of Equity Management Associates and author of The Big Print, is a hard-money fund manager known for bold, long-horizon Bitcoin price targets tied to a dollar-debasement thesis rather than near-term chart calls. His one already-resolved call (a 2022 \$200,000 cycle-top target) missed, since the following cycle topped at \$126,296. His \$2M, \$10M, and repeated \$200,000-within-two-years targets remain unresolved. This rating is based on a manually-researched sample rather than the site's usual pipeline and should be treated as provisional.

Calls found
4
Resolved calls
1
Accuracy
0
Sample size
23
Verifiability
70
Specificity
100
Consistency
75

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Lawrence Lepard rating

Calls (4)

16 Oct 2022 bullish incorrect reported target: $200,000
On the Quoth the Raven podcast, said the next Bitcoin macro cycle top should be up to $200,000, followed by a roughly 70% drawdown.
The following cycle topped at a $126,296 all-time high in October 2025, well short of $200,000.
16 Oct 2022 bullish pending reported target: $2,000,000 (~2028)
Said Bitcoin could "easily" hit $2 million within six years, implying roughly 2028.
Timeframe has not arrived yet.
10 Apr 2023 bullish pending reported target: $10,000,000
As founder of Equity Management Associates, said Bitcoin would reach $10 million per coin as the US dollar collapses, without pinning the move to a specific year.
No specific due date was given; not yet resolved.
10 Jun 2026 bullish pending reported target: $200,000
Said he remained convinced his thesis "isn't broken" and that the next run-up would take Bitcoin to over $200,000, "sometime within the next year or two, for sure."
Timeframe has not arrived yet.

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