Bitcoin (BTC) Price Jumps Above $200,000 – Dan Tapiero Points Out Main Reason

Dan Tapiero, a globally renowned investor, has posted a bullish Bitcoin tweet, sharing his thoughts on how BTC could easily break through the $200,000 price level in the near future. Experts believe that a significant macroeconomic factor will come into play here.

“Bitcoin Vault Rises Above $200,000” Dan Tapiero, a vocal investor and Bitcoin supporter who is also the co-founder of Gold Bullion International and 10T Holdings, took to the Twitter/X social media platform to share the main reason why he expects Bitcoin to break through the $200,000 mark.

According to his tweet, it has nothing to do with the upcoming Bitcoin halving. However, whenever other experts have previously mentioned the same argument, predicting that Bitcoin will surge, the fact that Bitcoin is uniquely scarce as an asset means that it has not been mentioned. The halving will only make the world’s leading digital currency more scarce.

Tapiero tweeted that he has found the “most remarkable correlation” he has seen in the market in some time. This suggests that investors may be "extremely concerned about the currency debasement caused by the 60% growth in the Treasury market" over the past five years.

The expert said that he is bullish on gold because of this and will be even more bullish on gold once the Federal Reserve starts to cut interest rates. As for the digital gold Bitcoin, Tapiero said that the current state of currency debasement could push Bitcoin to $200,000 and even higher.

Bitcoin Reclaims $72,600 Earlier, Bitcoin struggled to surge and successfully reclaimed the $72,000 price level. The pioneer cryptocurrency once rose to the $72,600 area before being pushed lower. As of this writing, BTC is changing hands at $72,280.

Ali Martinez, a cryptocurrency analyst and trader whose charts are popular on Twitter/X, posted a tweet earlier today saying that Bitcoin is breaking out. He believes that if the cryptocurrency can stay above the $70,800 price, it will be able to reach the next target of $85,000.

Right now, everyone is counting the days until the fourth Bitcoin halving in two weeks. The miner reward for each new block will be cut in half, from 6.25 BTC to 3.125 BTC.

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