Macro investor and fund manager Dan Tapiero says that Bitcoin (BTC) reaching $200,000 in 2025 is viable.
In a new thread, Tapiero tells his 123,500 followers on the social media platform X that once the US government tightens up fiscal policy, the top crypto asset by market cap will skyrocket.
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 in [the] world DEFLATING now.
Fed concerns on inflation wrong. Interest rates [are] still too high in [the] US and now fiscal policy will tighten, USD strengthen. Liquidity coming to drive… Bitcoin. $200,000 next year [is] doable.”
Tapiero – the founder of crypto venture capital firm 10T Holdings – says that the total market cap of digital assets will make a move toward $10 trillion sometime this cycle.
“Back in mid-2019, I thought [the total market cap of crypto] could hit $10 trillion. Hence the fund name.
Many Bitcoiners claimed I was too conservative. They have been right.
Total market cap of cryptocurrency will challenge $10 trillion this cycle. Unique asset in the history of value and finance.”
In a recent post, best-selling finance author Robert Kiyosaki predicts that the crypto king could hit even further heights in 2025 and that its design enables latecomers to make money as well.
“The beauty of Bitcoin’s design is [that] it is never too late to start, regardless of how high Bitcoin’s price goes. 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 for $97,082 at time of writing, a fractional decrease on the day.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Follow us on X, Facebook and Telegram
Generated Image: Midjourney
Read the full article here