$180,000 Bitcoin Incoming Within the Next Year, Predicts Investor Dan Tapiero – Here’s His Forecast

Macro investor and fund manager Dan Tapiero is leaning bullish on Bitcoin ( BTC ) over the next couple of months.

In an interview on the Talking Tokens Podcast, Tapiero says Bitcoin could go up by around 112% from the current level during the current cycle.

“We’ll head up to, I think $180,000, which is three times the previous peak… …in 2017 the peak was $21,000. We then went three times that $60,000 in 2021. And now I think we go three times…

…I think we should within the next year or so. What is it, March now? Yeah, within the next year or so.”

Over a longer period, the macro investor and fund manager says that Bitcoin could hit a seven-figure price.

“I think we can get to $1 million on Bitcoin in 10 years. And I think it will stop there for a while. $1 million, 10 years… so that’s $20 trillion of value [total market cap].”

On the Bitcoin’s key psychological price of around $100,000, Tapiero says,

“I think a $100,000 is a number where people who have been long for a long time, from a $1, a $100, from a $1,000… where they in their mind just said, ‘if it ever gets to $100,000 I’m going to sell some. And I’m not going to necessarily sell all.’

But you can imagine if you’d owned this at $200, $500 and if you bought it in 2019 at $5,000, $6,000, $7,000 even if you bought it at $10,000, you’re like, ‘You know what, if it goes up 10 times, I’m going to buy that house, you know, that I’ve wanted to buy.’

So there’s a natural, I think, selling ceiling that will take time to digest. Now, for how long? Weeks, months, I don’t know.”

Bitcoin is trading at $84,907 at time of writing.

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