Bitcoin As it exceeds $61,000, expectations for the price also increase. at this point BTC While we talk about $69,000, the previous ATH level, in the short term, a long-term target of $200,000 in 2024 is talked about.
Final assessment at this point hedge fund manager Dan TapieroIt came from.
A new post from account X Tapiero claimed that Bitcoin could see a staggering increase, reaching between $90,000 and $200,000 in 2024.
While the famous name attributed this upward expectation to the remarkable rise that BTC experienced in a short time, he said that despite this significant rise, the market did not overheat, but there were still many skeptics.
Additionally, Tapiero argued that a shocking acceleration in BTC is imminent due to the macroeconomic backdrop, including short interest rates in the US and a strong US dollar, that could further fuel Bitcoin’s rise.
“Bitcoin is up almost 100% in 5 months and there is still no sense of overheating.
But suspects are still everywhere.
Short-term interest rates in the US are still 5%! USD is strong. Due to this macroeconomic backdrop, I think a shocking acceleration in BTC is imminent.
Breaking $70,000 in Bitcoin takes us directly towards $90,000.
Then this year $150,000 to $200,000.”
Surprised.#Bitcoinup almost 100% in 5 mo and not feeling frothy.
Doubters still everywhere.
X even a bit sedate.
US short rates still 5%! USD strong.#BTCShocking acceleration up feels imminent.
Break of 70k goes right to 90k…
Then 150k-200k this yr.🚀 pic.twitter.com/CEHb0A6Oos
— Dan Tapiero (@DTAPCAP) February 28, 2024
*This is not investment advice.
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