Conservative Or Bold? Crypto Analyst Foresees Bitcoin Hitting $100K In Next Bull Market
Portfolio Pulse from Bibhu Pattnaik
Crypto expert Dan Tapiero predicts Bitcoin will reach $100K in the next bull market and could eventually hit $250K to $350K by 2029. He considers these estimates conservative compared to Cathie Wood's $1M target. Tapiero sees Bitcoin as a mainstream store of value, potentially taking a significant share from traditional inflation hedges like real estate and art. Bitcoin is currently trading at $37,688.39, having risen 4% over the past week.
November 25, 2023 | 2:51 pm
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Dan Tapiero predicts Bitcoin will reach $100K in the next bull market and could see $250K-$350K by 2029, indicating a bullish outlook for Bitcoin in the long term.
Tapiero's prediction of Bitcoin reaching $100K and potentially $250K-$350K by 2029 suggests a strong bullish sentiment that could influence investor optimism and drive short-term buying interest. His comparison of Bitcoin to traditional stores of value like real estate and art further reinforces the asset's perceived long-term value, potentially attracting more investors. However, as predictions are speculative, the confidence level is not at the maximum.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100