Macro investor Dan Tapiero is sure about Bitcoin’s future. According to the famous and recognised investment manager, Bitcoin could surpass $100,000 in 2025, a key psychological level for the crypto community. He said that during a conversation with the crypto influencer Natalie Brunell.
Dan Tapiero Believes Bitcoin Could Surpass $100,000
Dan Tapiero is bullish about the future of Bitcoin, especially after the halving event that is expected to take place in 2024. The expert believes that Bitcoin could not only reach $100,000 but surpass this level as soon as 2025, explaining that this is just a conservative estimate.
Dan Tapiero is a successful investment manager who handles well over $1 billion in investments. At the same time, he is the founder of different companies, including 1Rountable Partner and 10T. Based on his experience, part of the trillions of wealth located all around the world could be allocated to Bitcoin in the future.
On that matter, he commented:
“If you think there’s $500 trillion of total wealth or whatever the number is, even 5% is $25 trillion. There are lots of assets like real estate, that people invest in often as a store of value – art, paintings, etc. I mean, Bitcoin could really take a chunk of that store-of-vale capital that’s out there.”
Let’s not forget that Bitcoin is expected to halve in mid-2024. That means that the new issuance of BTC will be reduced by 50% after the halving. Those events are very important for Bitcoin because they tend to be the moment in which a new bull run starts in the cryptocurrency industry.
At the same time, Bitcoin has a fixed supply of 21 million. Therefore, there could be a large impact on the virtual currency if demand for this digital asset increases in the future. In the past, Bitcoin reached an all-time high of $69,000. Without a larger number of BTC released to the market, it would be more difficult for BTC to adjust by supply, and therefore, it could adjust with its price.
At the time of writing this article, Bitcoin is being traded at $38,200 and it has a market capitalization of $748 billion.
Via: 2Usethebitcoin.com
