Investor Dan Tapiero Declares Bitcoin Bull Market in Mid-Cycle, Reveals Price Forecast for Gold, Silver and BTC – Crypto News – Crypto News
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Investor Dan Tapiero Declares Bitcoin Bull Market in Mid-Cycle, Reveals Price Forecast for Gold, Silver and BTC Investor Dan Tapiero Declares Bitcoin Bull Market in Mid-Cycle, Reveals Price Forecast for Gold, Silver and BTC

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Investor Dan Tapiero Declares Bitcoin Bull Market in Mid-Cycle, Reveals Price Forecast for Gold, Silver and BTC – Crypto News

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7 months ago

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Macro analyst and institutional crypto veteran Dan Tapiero says he believes Bitcoin is nowhere near the final phase of its current cycle.

In a new market update, Tapiero says he believes BTC will catch up to this year’s explosive move for precious metals.

“Bull market in bitcoin/blockchain/digital assets still mid-stage.

Price unchanged vs gold since 2021 inconsistent with huge number of positive fundamental developments in the digital asset ecosystem since that time.

Yes, short term interest rates were lower in ’21 but the space today is so much more mature, more tested, diversified, producing much more revenue.

As the more successful private DAE companies come to the tradfi public markets whole new world of liquidity opens up.

Tradfi stamp of approval from NYSE Nasdaq helps legitimize space and acts as confirmation that accounting/records/governance in order.

Kraken IPO coming soon as well as 4-5 other prominent 50T Funds companies. M+A heating up as well.”

In addition, Tapiero says Bitcoin and crypto’s groundswell of support in Washington, D.C. will soon begin to pay dividends.

“The “Americanization of crypto” theme has just begun and has a lot further to run.

We will not see mean reversion in trend of US outperformance. Today US equity market capitalization is 65% greater than Europe and Asia combined! Many European stock markets are unchanged or lower than where they were in ’08. Nasdaq is up over 10x since ’08. World of wealth and money has changed dramatically and we will see important cultural and political ramifications as a result.

Expect many more global crypto/blockchain businesses to come to tap the US financial markets. SPACSs, RTOs, IPOs of DAE companies will continue to reinforce US dominance. Rest of world cannot compete. Expect US acceleration.

Dominance of US capital market further reinforced by massive 25T in stablecoin volume, mostly usd, this year (from essentially 0 volume 5 yrs ago) as well friendly regulatory backdrop for innovation and invention in crypto/blockchain.

Today, 5-10 significant crypto/blockchain public companies. Expect at least 50 more coming in the next 5 years. US dominance accelerates.”

As for his price forecast, Tapiero says he sees silver heading to $85 per ounce, with gold at $5,500 per ounce and BTC at $180,000.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/NESPIX/Konstantin Faraktinov

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