😯🚀🚀The chief executive of investment company 10T Holding says Bitcoin (BTC) could skyrocket by over 200% this year.
The CEO of the investment company 10T Holdings says that Bitcoin (#BTC ) could skyrocket by over 200% this year.
Venture capitalist Dan Tapiero says in a new post on social media platform X that the flagship digital asset could be worth between $150,000 and Dec 200,000 this year, a roughly 153% to 237% gain from its current price.
According to Tapiero, when #Bitcoin rises above $ 70,000, which is slightly above the all-time high in November 2022, the crypto king will quickly skyrocket to $ 90,000.
"Bitcoin has risen by almost 100% in five months and it doesn't feel frothy. Skeptics are still everywhere. X [social media platform] is even a little calm.
US short rates are still 5%! The US dollar is strong. BTC - shocking acceleration feels imminent.”
Bitcoin is trading at $61,412 at the time of writing, an increase of 7.5% in the last day.
In the midst of a rally that has seen Bitcoin gain about 50% from the 2024 low of $ 39,505 reached last month, Tapiero says that the stock of crypto exchange Coinbase (COIN) could reach a price tag of $ 400.
"I liked this graphic from $50, $60, $80 to $100…
Now it's [about] $190 and it looks like it's going to go up to $400. It's rare that a chart still looks so extraordinary after such a big run.
At the time of writing, the COIN is trading for $200.96
Last week, Tapiero said he believes the Bitcoin bull market is at an early stage.
"I think we are in the second round of this bull market, so I would be a lot more worried and I would think that there could potentially be problems if I felt that we are in the seventh, eighth round.
The bullish consensus is 75% -80% – so it's a problem but maybe it just means you have a short-term fix. We're just getting started.”
