Macro investor and fund manager Dan Tapiero says it is feasible for Bitcoin (BTC) to reach $200,000 by 2025.
In a new thread, Tapiero tells His 123,500 followers on the social media platform
According to Tapiero, the Federal Reserve is too focused on inflation and interest rates in the US are still too high.
“Danger in China. Do people understand? The second largest economy of [the] world DEFLATE now.
Fed concerns about inflation are misguided. Interest rates [are] still too high [the] Fiscal policy in the US and now will tighten, the USD will strengthen. Liquidity is coming to… Boost Bitcoin. $200,000 next year [is] feasible.”
Tapiero – the founder of crypto venture capital firm 10T Holdings – say that the total market capitalization of digital assets will approach $10 trillion sometime this cycle.
“I thought in mid-2019 [the total market cap of crypto] could reach $10 trillion. Hence the name of the fund.
Many Bitcoiners claimed I was too conservative. They were right.
The total cryptocurrency market cap will challenge $10 trillion this cycle. Unique asset in the history of value and finance.”
In a recent post, bestselling author Robert Kiyosaki wrote predicts that the crypto king could reach even greater heights in 2025 and that its design makes possible latecomers to also earn money.
“The beauty of Bitcoin’s design is [that] it’s never too late to start, no matter how high the price of Bitcoin is. Bitcoin is designed to make everyone rich, even those who start late. Just don’t get greedy…Bitcoin to $350,000 by 2025.”
Bitcoin is trading at $97,082 at the time of writing, down fractionally on the day.
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Generated image: Midjourney