Sound Money and Investing by Lawrence Lepard
Lawrence Lepard is managing partner at Equity Management Associates, an investment firm focused on hard assets and monetary sovereignty. A long-time critic of fiat devaluation, Lepard has publicly advocated for Bitcoin as a hedge against central bank mismanagement. His macro commentary has been featured in interviews with Wealthion, Real Vision, and Swan Bitcoin. As of August 2025, Lepard’s fund reports over USD 80 million AUM, with at least 25 percent allocated to Bitcoin-related equities and infrastructure.
Lepard’s public letters include citations of historical monetary cycles and forecasted Bitcoin as a USD 250,000 asset by 2028, based on comparative analyses with gold monetization curves. His speaking appearances at events such as Bitcoin 2024 and the Austrian Economics Forum reached live audiences exceeding 8,000 participants across three continents.
Lepard's alignment with Bitcoin as digital property positions him as a policy-driven voice within the asset’s monetary thesis, especially among long-horizon investors.
Lawrence Lepard: Selling 32 Bitcoin could trigger lower entry prices
Lawrence Lepard suggests that if someone wanted to buy a large amount of Bitcoin at a lower price, they might first sell 32 Bitcoin to drive the price down, causing weaker holders to panic and ...
Silicon Valley Bank lost deposits rapidly, Lawrence Lepard notes
Lawrence Lepard draws attention to a Bloomberg editorial highlighting that more than three years have passed since Silicon Valley Bank lost a quarter of its deposits in a single day. This incident ...
Lawrence Lepard: Inflationary environment requires investment strategy adjustments
Lawrence Lepard points to the persistence of inflation in current economic conditions. He urges investors to consider this trend when making decisions about their ...
Weekly market trends highlighted in Credit Bubble Bulletin, Lawrence Lepard notes
Lawrence Lepard references the Credit Bubble Bulletin's latest weekly commentary on the Warsh Fed. The tweet draws attention to current financial market discussion featured in the ...
Lawrence Lepard: Debt levels outpace GDP growth in U.S.
Lawrence Lepard draws attention to the imbalance between U.S. GDP growth and rising all-sector debt. He highlights that GDP, which generates income, is not keeping pace with the increasing ...
Hard assets set to outperform, Lawrence Lepard argues
Lawrence Lepard suggests that assets which cannot be printed, such as gold, silver, and BTC, are likely to outperform other investments. This view is in line with arguments put forward in his ...
Lawrence Lepard: Federal Reserve and banks protect their own interests, Bitcoin offers alternative
Lawrence Lepard, industry influencer, criticized what he describes as a system designed to protect government and banking interests under the guise of noble intent. Lepard argues that the Federal ...
Bond market activity shapes market outlook, Lawrence Lepard notes
Lawrence Lepard, industry influencer, emphasizes the critical role of the bond market in current financial developments. Lepard references earlier commentary and addresses the state of the bond ...
Lawrence Lepard: Kevin Warsh assumes Fed Chairman role amid doubts about leadership
Lawrence Lepard commented on Kevin Warsh taking his new role as Federal Reserve Chairman. Lepard expressed skepticism about Warsh's intellectual capabilities and wished him luck, suggesting ...
Skepticism over Warsh hawkish narrative, Lawrence Lepard argues
Lawrence Lepard criticizes what he describes as propaganda portraying Warsh as a hawk, suggesting that such claims ignore the underlying mathematical realities. Lepard further remarks that these ...
Lawrence Lepard: Skepticism over Bitcoin $10,000 prediction
Lawrence Lepard has expressed strong skepticism about a recent Bitcoin price prediction of $10,000. In his comments, Lepard questioned both the accuracy of the forecast and the credibility of its ...
S&P reaches all-time high as consumer sentiment lags, Lawrence Lepard argues
The U.S. S&P index has reached a new all-time high even though consumer sentiment is at a 50-year low, according to Lawrence Lepard. He points out that more consumers now feel worse off compared ...
Lawrence Lepard: Recent comments by Kevin Warsh prompt closer assessment
Lawrence Lepard is drafting the Q1 report and offers an early look at thoughts regarding Kevin Warsh. Lepard emphasizes the need for a thorough review of Warsh's recent public statements before ...
Confetti from Dallas Fed underscores comment on infinite cash, Lawrence Lepard notes
Lawrence Lepard shared an image of confetti received by a friend from the Dallas Federal Reserve, referencing a widely discussed quote regarding the U.S. central bank’s money supply. Lepard ...
Lawrence Lepard: Citadel fund posts 8.2 percent drop in March
Citadel’s Global Fixed Income Fund suffered an 8.2 percent decline in March, marking its worst performance among the firm’s major strategies. The losses left the fund down 5.5 percent for the ...
War time spending consistently drives inflation in U.S. history, Lawrence Lepard notes
Lawrence Lepard draws a connection between major episodes of inflation in U.S. history and government spending during wartime, starting from 1776 and 1812. He highlights that both World War I and ...
Lawrence Lepard: Chaos from end of U.S. gold standard in 1971 now intensifies
Richard Nixon’s decision to take the U.S. off the last vestige of the gold standard in 1971 is having significant consequences today, according to Lawrence Lepard. Lepard describes the current ...
Future transition from Powell to Warsh is inevitable, Lawrence Lepard argues
Lawrence Lepard remarked on a pivotal moment when Janet Yellen told Jerome Powell that monetary policy challenges were now his responsibility. Lepard suggests that a similar handoff may soon occur ...
Lawrence Lepard: Questions raised on Federal Reserve role and impact
Lawrence Lepard poses a series of critical questions about the role and actions of the Federal Reserve. The tweet asks whether a Federal Reserve is necessary, whether it has performed well, about ...
Skilled trades adopt Bitcoin and precious metals in daily life, Lawrence Lepard notes
Lawrence Lepard highlights that individuals working in skilled trades, including his carpenter, electrician, plumber, handyman, and home alarm technician, are knowledgeable about and own either ...
Lawrence Lepard: BofA MOVE index approaches Big Print 2 volatility level
Lawrence Lepard shares an observation on the Bank of America MOVE index, which measures bond market volatility. He states the current level is not as elevated as during the first significant ...
