$100,000 Bitcoin Price Incoming, Predicts Macro Guru Dan Tapiero – Here’s the Timeline – The Daily Hodl

Macro guru and fund manager Dan Tapiero is optimistic that Bitcoin (BTC) will potentially hit a six-figure price.

In a new interview with Natalie Brunell, Tapiero says that “we’ll see Bitcoin over $100,000” in the next bull run.

A surge to $100,000 would translate to a gain of at least 167% from the current level.

According to Tapiero a price of $100,000 per Bitcoin is a “pretty conservative estimate” and the flagship crypto asset could rally higher over the next half a decade.

“My target for when I first started looking at this deeply in 2019 was always around $250,000 to $350,000 on Bitcoin. That was just a number that was to me a reasonable number to get to by 2029. So in 2019, that was sort of my thought by the end of the decade. That’s a reasonable number to get to.”

Bitcoin is trading at $37,459 at time of writing.

On when Bitcoin could reach a price of $1 million as ARK Invest CEO Cathie Wood has previously predicted, Tapiero says,

“I think Cathie has come out and said… did she say a $1 million [Bitcoin price target]? And I can get to those numbers too… But that might be, maybe it’s 2035 or 2038. I mean, I don’t know. Or it could be earlier.”

On Bitcoin’s mainstream adoption as a store of value, Tapiero says,

“There are a lot of assets like real estate people invest in often as a store of value. You know, art, paintings, stores of value.

I mean Bitcoin could really take a chunk of that store of value capital that’s out there. People own equity also because it’s a hedge against inflation.

So, if you think of all the assets that people own just because they want to keep up with inflation, you could have a big chunk of that go to Bitcoin. I just don’t think it happens that quickly.”

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• Source: https://dailyhodl.com/2023/11/25/100000-bitcoin-price-incoming-predicts-macro-guru-dan-tapiero-heres-the-timeline/