Bitcoin

<figure>
 <figcaption>
  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<p dir="ltr">Dan Tapiero, founder and CEO of 10tfund, recently took to X to assert that Bitcoin (BTC) could see a staggering surge, ranging between $90,000 and $200,000, this year. This&nbsp;<a href="https://twitter.com/DTAPCAP/status/1762705790669103381" rel="noopener noreferrer nofollow">projection</a> has spurred discussions and debates among investors and enthusiasts alike, shedding light on the potential future of the leading cryptocurrency.</p>
<h2 id="tapiero-s-bullish-forecast">Tapiero's bullish forecast</h2>
<p dir="ltr">Tapiero's bullish sentiment stems from several factors he outlined in his post. He noted Bitcoin's remarkable uptrend, citing its nearly 100% increase in just five months.&nbsp;</p>
<p dir="ltr">Despite this substantial growth, Tapiero remarked that the market does not seem overheated, while skeptics still abound. Furthermore, he highlighted the prevailing macroeconomic backdrop, including robust short rates and a strong U.S. dollar, which could further fuel Bitcoin's rise.</p>
<p dir="ltr">"Markets more powerful than bureaucrats. Gensler no match for the US investor who had felt 'shut out' of BTC," Tapiero noted in a follow-up comment.</p>
<blockquote>
 <p lang="en" dir="ltr">Surprised.<a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a>    up almost 100% in 5 mo and not feeling frothy.Doubters still everywhere.X even a bit sedate.US short rates still 5%! USD strong.<a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a>    shocking acceleration up feels imminent.Break of 70k goes right to 90k...Then 150k-200k this yr.🚀 <a href="https://t.co/CEHb0A6Oos" rel="noopener noreferrer nofollow">pic.twitter.com/CEHb0A6Oos</a></p>— Dan Tapiero (@DTAPCAP) <a href="https://twitter.com/DTAPCAP/status/1762705790669103381?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 28, 2024</a>
</blockquote>
<p dir="ltr">It is worth mentioning that the CEO’s forecast aligns with other notable figures in the crypto space. Renowned trader Peter Brandt, for instance, has also&nbsp;<a href="https://u.today/btc-to-200000-peter-brandt-drops-epic-bitcoin-price-prediction" rel="noopener noreferrer nofollow">suggested a bullish trajectory</a> for Bitcoin, projecting a potential surge to $200,000 by late 2025. However, Brandt cautioned that deviating from a specific threshold could alter this optimistic outlook.</p>
<p dir="ltr">Tapiero also observed a notable difference in the sentiment surrounding Bitcoin compared to previous bull markets. He remarked on the subdued excitement among investors, contrasting it with the fervor seen during the 2017 bull run. Tapiero's observations hint at a potential shift in investor behavior and sentiment, suggesting a more mature and tempered approach to Bitcoin investment.</p>
<h2 id="diverse-perspectives-on-bitcoin-s-future">Diverse perspectives on Bitcoin's future</h2>
<p dir="ltr">Despite the optimism expressed by Tapiero and Brandt, not all voices in the crypto community share the same sentiment.&nbsp;<a href="https://u.today/peter-schiff-names-key-reason-behind-bitcoins-underperformance" rel="noopener noreferrer nofollow">Peter Schiff</a>, a well-known critic of cryptocurrencies, remains skeptical about the digital asset's long-term prospects.&nbsp;</p>
<p dir="ltr">Schiff&nbsp;<a href="https://u.today/peter-schiff-slams-bitcoin-elevator-up-then-a-jump" rel="noopener noreferrer nofollow">warns investors</a> about the volatility of Bitcoin's price movements and argues that investing in Bitcoin is essentially a bet on the stability of the U.S. dollar and the containment of inflation.</p>

Bitcoin (BTC) Price Might Soar $90K to $200K, Dan Tapiero Predicts

Table of Contents

U_Today

Other articles published on Feb 28, 2024

Are Crypto Trends Shifting? Insights On PEPE, FLOKI, and DOGE

First Bitcoin Blockchain ICO Rockets Past $5M Milestone

XRP Sinking? A Double Blow Of Underperformance And Address Exodus

Solana (SOL) holders pour into innovative Kelexo (KLXO) P2P lending money maker as Ethereum (ETH)...

Bitcoin Price Could Reach $88,000, Analyst Predicts

Ankr Unveils Advanced RaaS Capabilities for Modular Blockchain Era

Join our free newsletter for daily crypto updates!