Prominent investor, Dan Tapiero, predicts the price of Bitcoin (BTC) could rise to the new ATH. The CEO of investment firm 10T Holdings told his 115,600 followers on social media platform X.
Tapiero stated that Bitcoin has the potential to surge more than 45% from its current value if it breaks the $65,000 mark again.
"It's starting to look very bullish for Bitcoin. If it breaks through $65,000, it will go straight to $90,000 (around Rp1.3 billion), and even more. This flag-shaped consolidation that is almost complete is very obvious. The market is always surprising. The specific trigger is not clear, but it doesn't matter," Tapiero said.
Looking at the chart, this analyst suggested that Bitcoin is on the verge of completing a bull flag pattern, which in technical analysis is defined as a long uptrend, followed by a short period of consolidation before an upward breakout occurs.
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Rate Cuts by the Fed
Tapiero believes that the Federal Reserve (The Fed) will cut interest rates this year due to the weak commercial real estate sector. He also predicts greater growth will come to the digital asset ecosystem.
"The Fed is shutting down commercial real estate. There is no inflation here. Interest rates need to be lowered immediately. Still expect 3%. Very bullish on gold, Bitcoin, Ethereum. And an 'on-chain' spring is happening. The growth of the digital asset ecosystem has been spectacular. The hypergrowth phase is coming now," he added.
Recently, Tapiero said that crypto assets are growing exponentially compared to the assets of the traditional financial world, and more and more investors will start turning to digital assets for greater profits.
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Bitcoin Market Analysis
Currently, Bitcoin is trading at $61,920 (approximately Rp1.01 billion), down almost 2% in the last 24 hours. However, optimism among investors like Tapiero suggests that this decline may only be part of a consolidation phase before a bigger surge.
Menurut data dari media kripto luar negeri, pergerakan harga Bitcoin ini sejalan dengan pola historis di mana harga sering kali mengalami fase konsolidasi sebelum mencapai puncak baru. Pola bull flag yang diidentifikasi Tapiero didukung oleh beberapa analis teknikal lainnya yang juga melihat potensi breakout signifikan jika Bitcoin berhasil menembus level resistensi utama.
Potensi Pertumbuhan Aset Digital
Optimisme Tapiero tidak hanya terbatas pada Bitcoin. Dia juga melihat potensi besar pada Ethereum dan emas, menunjukkan bahwa diversifikasi dalam aset digital dan fisik dapat menjadi strategi investasi yang kuat di tengah ketidakpastian ekonomi global.
In his interview with several financial media, Tapiero explained that the transition to digital assets is a phenomenon that cannot be ignored. "The exponential growth of crypto assets shows that we are at a major turning point in the financial world. Digital assets provide advantages that traditional assets cannot match," he said.
Global Economic Impact
Tapiero's forecast of a rate cut by the Fed is also based on an in-depth analysis of the global economy. According to him, looser monetary policy will boost liquidity to the digital asset market, providing an additional boost to Bitcoin and other crypto assets.
Lowering interest rates will not only affect commercial real estate but also increase the attractiveness of investment in assets that are not directly related to the traditional economy. This could be the catalyst for Tapiero's predicted Bitcoin price surge.
Conclusion
With Bitcoin on the verge of breaking through critical resistance and huge growth potential ahead, investors like Dan Tapiero see a huge opportunity in digital assets. While market volatility remains a factor to watch out for, optimistic views from analysts suggest that the future of Bitcoin and other digital assets looks bright. The global economic context and monetary policy will play a key role in determining the direction of this market going forward.
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How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and secure way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is IDR 10,000. After that, then you can make a crypto asset purchase in the application.
Learn the Complete Guide on How to Buy Crypto on Bittime.
Monitor the price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.
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