Bitcoin

Hedge

As Bitcoin exceeds $61,000, expectations for the price are also increasing. At this point, while we are talking about the previous ATH level of $ 69,000 for BTC in the short term, a long-term target of $ 200,000 in 2024 is being talked about.
At this point, the final assessment came from hedge fund manager Dan Tapiero.
Making a new post from his X account, Tapiero claimed that Bitcoin could see a surprising 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.
<blockquote>
 “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 it's $150,000 to $200,000.”
</blockquote>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 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.<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/CEHb0A6Oos" rel="noopener noreferrer nofollow">pic.twitter.com/CEHb0A6Oos</a>
 — Dan Tapiero (@DTAPCAP) <a href="https://twitter.com/DTAPCAP/status/1762705790669103381?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 28, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/new-prediction-for-bitcoin-from-the-famous-hedge-fund-manager-if-this-level-is-broken-btc-will-reach-90-thousand-dollars/" rel="noopener noreferrer nofollow">New Prediction for Bitcoin from the Famous Hedge Fund Manager! "If this level is broken, BTC will reach 90 thousand dollars!"</a>

New Prediction for Bitcoin from the Famous Hedge Fund Manager! "If this level is broken, BTC will reach 90 thousand dollars!"

Bitcoin Sistemi EN

Other articles published on Feb 28, 2024

UK Government Embraces Algorithm Transparency in Decision-Making

Tussle Between Bulls and Bears Begins: Will the Bitcoin (BTC) Price Reach $100,000?

Nvidia Bullish Analyst Reveals Bitcoin Price Prediction

Cardano (ADA) & Ripple (XRP) feud sees rush to Kelexo (KLXO) presale pre Bitcoin (BTC) halving fo...

How Institutional Interest Could Push Ethereum to $4,300

Maximizing Your API Journey with NFTScan — The Most Powerful NFT API Provider

Join our free newsletter for daily crypto updates!