- Dan Tapiero predicts Bitcoin could reach $100,000 in the next bull run, calling it a “conservative estimate”; he believes $250k-$350k is possible by 2029.
- For a $1 million Bitcoin price target, as predicted by Cathie Wood, Tapiero says that could happen by 2035 or 2038.
- Tapiero expects growing mainstream adoption of Bitcoin as a store of value, taking market share from other inflation hedges like real estate, art, and equities.
Macro guru and fund manager Dan Tapiero is optimistic that Bitcoin (BTC) will potentially hit a six-figure price. In a new interview with Natalie Brunell, Tapiero makes some bold predictions about the future price of Bitcoin.
Tapiero Predicts $100k Bitcoin
In the interview, Tapiero says that “we’ll see Bitcoin over $100,000” in the next bull run. A surge to $100,000 would translate to a gain of at least 167% from the current level.
According to Tapiero, a price of $100,000 per Bitcoin is a “pretty conservative estimate” and the flagship crypto asset could rally even higher over the next half decade. As he stated:
“My target for when I first started looking at this deeply in 2019 was always around $250,000 to $350,000 on Bitcoin. That was just a number that was to me a reasonable number to get to by 2029. So in 2019 that was sort of my thought by the end of the decade. That’s a reasonable number to get to.”
Timeline for $1 Million Bitcoin
When asked about Cathie Wood‘s prediction of a $1 million Bitcoin price, Tapiero said:
“I think Cathie has come out and said did she say a $1 million Bitcoin price target? And I can get to those numbers too. But that might be maybe its 2035 or 2038. I mean I don’t know. Or it could be earlier.”
Mainstream Adoption as Store of Value
Regarding the mainstream adoption of Bitcoin as a store of value, Tapiero commented:
“There are a lot of assets like real estate people invest in often as a store of value. You know art paintings stores of value. I mean Bitcoin could really take a chunk of that store of value capital that’s out there. People own equity also because its a hedge against inflation. So if you think of all the assets that people own just because they want to keep up with inflation you could have a big chunk of that go to Bitcoin. I just don’t think it happens that quickly.”
Conclusion
In summary, prominent investor Dan Tapiero remains highly bullish on Bitcoin’s long-term potential. He believes the price could reach $100,000 in the next bull market and even surge as high as $1 million later this decade. As adoption increases, Tapiero expects Bitcoin to gain mainstream acceptance as a store of value asset.
