Lawrence Lepard Targets $1 Million Bitcoin Amid Gold's 3.4% Weekly Decline

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Lawrence Lepard said bitcoin could reach $1 million on June 20 amid gold's 3.4% weekly decline to $4,156, as the Federal Reserve signals potential rate hikes later in 2026. Lepard, an investment manager and bitcoin advocate, attributed gold's broader rise from around $3,000 to over $5,500 to growing recognition that U.S. deficits will likely be financed through monetary expansion. He described bitcoin's fixed 21 million supply as digital scarcity complementing gold's physical scarcity, and called current bitcoin drawdowns mild compared with 70%+ drops in past cycles, suggesting growing institutional support. Meanwhile, Goldman Sachs lowered its year-end 2026 gold target to $4,900 from $5,400 on June 13-20, citing delayed Fed rate cuts and softer ETF demand.
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