From November 2022 to date, bitcoin has had a hell of a sprint. Many believed that the situation 5 months ago announced the end of the journey for the queen of cryptocurrencies. Gold, time has worked in his favor. What is happening right now, especially the leap he made to reach $30,000, has given hope to crypto-enthusiasts. Such is the case of Dan Tapiero who reiterated that bitcoin will reach $500,000 in the future.
Bitcoin at $500,000, Tapiero shows his cards
The bitcoin that blew its 13e candle last January 3, will it be able to live long like gold? This is a question that torments the minds of bitcoiners. At the moment, investors’ attention is rather focused on theevolution of the price of the crypto-flagship.
Can he keep up the pace in this ascent he began in January ?
According to Dan Tapierobitcoin price will oscillate between $300,000 and $500,000 if the conditions are met. Daily Hodlwho took some excerpts from his interview with Scotte Melker, reported these words:
” The view I have taken since the inception of the fund is that the market value, which was $300 billion in mid-2019, is going to increase 30 times to $10 trillion. That’s why I called the first three funds 10T, that is, 10 trillion dollars.
I have therefore integrated my vision of the growth of this sector into the name of this fund. So that’s the x30 I was referring to. A value of $10 trillion for the digital asset ecosystem, from my perspective, puts bitcoin between $300,000 and $500,000, which is about where I think it will end up. That’s what I thought in 2019. That’s what I think today. »
Thus, Tapiero maintains his prediction dating back to 2019. This states that bitcoin will reach $500,000. when the crypto-asset market will be valued at 10 trillion dollars.
The appetite of institutions for bitcoin and cryptos
At the beginning of this month of April, yours truly showered you with statistics concerning the appetite of the wealthy and institutions for bitcoin, cryptocurrencies and crypto ETFs. This sharing was based on a recent study conducted by Brown Brothers Harriman.
According to macro investor and fund manager Dan Tapiero, institutional investors granted More attention to the crypto industry throughout the bear market.
We cannot forget that this period saw the acceleration of the development of DeFi, stablecoins and even the strengthening of bitcoin.
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