Dan Tapiero, a macro expert and fund manager, has made a bold forecast about Bitcoin’s (BTC) market value, saying that it may reach 14 digits.
Tapiero said in a recent interview with Anthony Pompliano that Bitcoin’s market valuation might rise to $10 trillion from its present level of around $600 billion.
“It will be around five and eight trillion dollars. Can I see it reaching $10 trillion? Yes, of course. There’s no reason why it can’t reach $10 trillion.”
According to the macro expert and fund manager, The global economic situation is such that, Bitcoin might reach a price of up to $500,000 in the near future.
“You know, given the worth of other assets in the globe, I believe $300,000 to $500,000 is a really solid spot you know. I’ve been saying that for a time now.”
At the time of writing, one bitcoin is worth around $30,838. Tapiero predicts a surge of nearly 600% in the overall market valuation of all cryptocurrencies compared to present levels.
“My first estimate for the market worth of the space was $10 trillion. That’s a 30x increase over 10 years, starting with $300 billion. I now believe that to be incorrect. Since it now seems to include everything, I predict that the space will grow much above $10 trillion. It’s everything: not only money or a store of value but also smart contracts, decentralized finance, non-fungible tokens, and stablecoins. At now, the entire value of the cryptocurrency market is at $1.34 trillion.”
