Dan Tapiero, CEO of the private investment company 10T Holdings, believes that the combination of increased demand for bitcoins after the approval of the ETF and the imminent halving will push the price of BTC up to $200,000.
Dan Tapiero explained that the tripling of growth is quite consistent with the historical bull cycles of the first cryptocurrency. For example, this is the percentage that Bitcoin grew by between the peaks of 2017 and 2021. At the same time, from the lows of the bear market in 2019 to the highs of 2021, the BTC rate has increased almost 20 times. If Bitcoin shows similar behavior in this cycle, then the rate could reach $300,000.
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:
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.
Previously, Dan Tapiero was more conservative and said that the Bitcoin rate would only reach $100,000 in the coming years.
Source: Cryptocurrency
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