Dan Tapiero, CEO of growth equity fund 1RoundTable Partners, expects bitcoin (btc) to surpass $100,000.
This is a conservative estimate, the analyst adds, suggesting that the flagship cryptocurrency has the potential for even bigger gains over the next five years.
Tapiero, known for his macroeconomic insights and fund management prowess, recently shared a cautiously optimistic outlook on bitcoin‘s future value. An increase to $100,000 would mean a notable 160% gain from current levels.
“My goal when I started looking deeper into this in 2019 was always between $250,000 and $350,000 worth of bitcoin,” Tapiero says.
According to him, this was a considered projection for the end of the decade, suggesting a reasonable trajectory for bitcoin‘s growth.
In discussions With former Goldman Sachs executive Raoul Pal, Tapiero emphasized a notable shift in the cryptocurrency landscape. Traditional retail and financial giants are increasingly embracing digital assets and blockchain technology, signaling a shift away from the cautious approach seen in previous market cycles.
Notable companies such as Adidas, LVMH, and Nike are exploring the integration of non-fungible tokens (NFTs), and major financial institutions such as Franklin Templeton, Fidelity, and BlackRock are showing strong interest in the sector.
Tapiero identifies the current phase as an “adoption cycle,” noting the growing interest and investments in protocols like ethereum. However, he distinguishes these incomes from traditional flows, hinting at a transformation in the way value is perceived and exchanged.
Market trends
Along with Tapiero’s insights, recent market trends reinforce bitcoin‘s resilience and growth. Galaxy Digital predicts a 74% price increase in the first year after launching a bitcoin ETF, with a base price of $26,920. This projection is supported by the belief that an ETF would expand the accessibility of bitcoin, particularly for traditional investors who are comfortable with regulated investment vehicles.
At the same time, algorithmic models and bitcoin forecast websites echo optimistic sentiments. bitcoin” target=”_blank” rel=”noopener”>Predictions set bitcoin at $137,400 by the end of 2025.
However, it is essential to take into account the caution expressed by traders such as Prof. Dr., emphasizing the importance of bitcoin holding above the 20-day simple moving average at $36,287. Failure to do so could trigger a pullback to $33,000.
Current position of bitcoin (btc)
bitcoin (btc) is trading for $37,801.67, at press time, representing a marginal 24-hour drop of -0.07% and an increase of 2.90% over the past week.
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With a circulating supply of 20 million btc, bitcoin‘s market capitalization is $739,126,338,481, according to data from CoinGecko.
