The CEO of investment firm 10T Holdings says Bitcoin (BTC) could rise by more than 200% this year.
In a new post on social media platform X, venture capitalist Dan Tapiero says say the flagship digital asset could rise between $150,000 and $200,000 this year, a gain of about 153% to 237% from its current price.
According to Tapiero, once Bitcoin breaks above $70,000 – which is slightly above its all-time high in November 2022 – the crypto king will quickly skyrocket to $90,000.
“Bitco is up almost 100% in five months and doesn’t feel frothy. Doubters are still everywhere. X [social media platform] even a little calm.
US short interest rates [are] still 5%! U.S. dollar [is] strong. BTC – a shocking acceleration feels imminent.”
Bitcoin is trading at $61,412 at the time of writing, up 7.5% over the past day.
Amid the rally that has seen Bitcoin rise in value by about 50% from the 2024 low of about $39,505 reached last month, Tapiero has say shares of crypto exchange Coinbase (COIN) could reach a price tag of $400.
“I loved this chart for $50, for $60, for $80 for $100…
Now [around] $190 and it looks like it’s going to $400. Rarely does a graph still look so phenomenal after such a big run.
Coinbase is doing a great job diversifying its revenue streams.”
MINT is trade for $200.96 at the time of writing.
Last week, Tapiero said he believes the Bitcoin bull market is in its early stages.
“I think we’re in the second inning of this bull market, so I would be a lot more concerned and think there’s [could be] Possible problems if I felt like we were in the seventh inning, the eighth inning.
The 75%-80% bullish consensus – I mean, that’s a problem, but maybe [it] just means you have a short-term correction. We’re just getting started here.”
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