Dan Tapiero: “$200,000 for Bitcoin looks quite realistic”
“I think we could easily see a price close to $200,000. I don't think that's crazy. Of course, it is difficult to give a clear forecast, especially in such difficult times. But I think the Bitcoin rate will reach this level within 1.5-2 years, and maybe even earlier,” noted the CEO of 10T Holdings.
One of the main fundamental factors in favor of the growth of BTC, Tapiero named the upcoming halving of the reward for miners in April:
“We will see a reduction in the supply of bitcoins in the market and a simultaneous increase in demand due to ETFs. This all points to some really big growth potential for BTC. And, of course, Bitcoin will pull all other cryptocurrencies along with it.”
Dan Tapiero emphasized that for him the main cryptocurrencies remain Bitcoin and Ethereum. At the same time, in his opinion, the approval of spot ETFs for ether is extremely likely, which will also have a positive effect on the price of the second cryptocurrency.
“I think that any high-quality cryptocurrencies will increase in price several times within five years,” the investor concluded.
