Fund manager Dan Tapiero, Bitcoin remains optimistic that its price will potentially reach a six-figure price.
Giving his views in a new interview with Natalie Brunell Dan Tapiero, claims that “we will see BTC above $100,000” in the next bull run. A price increase to $100,000 would mean a gain of at least 167% from the current level.
According to Tapiero, a price of $100,000 per Bitcoin token is “a pretty conservative estimate.” BTC has the potential to rise even further in the next half decade
When I first started looking deeper into this topic in 2019, my target was always around $250,000 to $350,000 for Bitcoin. For me, this was a reasonable figure that could be reached by 2029. So that was my thinking in 2019, until the end of the decade. This is a reasonable number to reach.
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As we reported as Koinfinans.com, Tapiero expressed his opinion on when Bitcoin could reach a price of $ 1 million, as ARK Invest CEO Cathie Wood had previously predicted:
I think Cathie came out and said…we have a goal of $1 million. And I can reach these numbers… But it could be 2035 or 2038. So, I don’t know. Or it could be sooner.
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Tapiero concluded his remarks regarding the widespread adoption of Bitcoin as a store of value by noting:
There are many assets, such as real estate, that people often invest in as stores of value. You know, art, paintings, stores of value.
So Bitcoin may indeed take some of the store of value capital out of the market. People also own equity capital because it provides a hedge against inflation. So if you think about all the assets people have just to keep up with inflation, a large portion of them are going into Bitcoin. I just don’t think it will happen that quickly.