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- Macro investor and fund manager Dan Tapiero predicts Bitcoin (BTC) is on the verge of hitting new all-time highs (ATHs).
- Tapiero suggests that if Bitcoin crosses the $65,000 mark again, it could surge by over 45% from its current value.
- The CEO of 10T Holdings also believes that the Federal Reserve will cut interest rates this year due to commercial real estate weakness, which could further fuel Bitcoin’s growth.
Bitcoin could surge by over 45% if it crosses the $65,000 mark again, predicts macro investor and fund manager Dan Tapiero. He also believes that the Federal Reserve’s potential interest rate cut could further fuel Bitcoin’s growth.
Bitcoin Poised for New All-Time Highs
Dan Tapiero, CEO of investment firm 10T Holdings, recently tweeted to his 115,600 followers that Bitcoin is looking “scary bullish”. He suggests that a break of $65,000 could propel Bitcoin straight to $90,000 and beyond. Tapiero’s prediction is based on the observation of a clear sideways overlapping flag type consolidation, which he believes is nearly complete.
Fed Interest Rate Cut Could Fuel Bitcoin’s Growth
Tapiero also expressed his belief that the Federal Reserve will cut interest rates this year due to commercial real estate weakness. He predicts that this move could lead to an even larger growth rate for the digital asset ecosystem. Tapiero also mentioned that he is “super bullish” on gold, Bitcoin, and Ethereum and expects the “hypergrowth phase” for the digital asset ecosystem to commence soon.
Conclusion
As Bitcoin continues to consolidate, investors and analysts like Tapiero are keeping a close eye on the market movements. If Bitcoin manages to break the $65,000 mark again, it could potentially trigger a significant price surge. Coupled with the potential interest rate cut by the Federal Reserve, the digital asset ecosystem could be poised for a period of accelerated growth.
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