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- The anticipated approval of the spot Bitcoin ETF and the Bitcoin Halving event create an optimistic scenario for investors and traders to expect further gains.
- Macro expert and investment manager Dan Tapiero expressed a bullish sentiment around Bitcoin for the next bull run.
- With the upcoming Bitcoin Halving event, price trends around a potential BTC price rally are expected to be supported, similar to previous Halving events, according to broad expectations.
Macro expert and Investment manager Dan Tapiero predicts how much Bitcoin could rise in the next bull run!
What Is the Target for Bitcoin Price in the Next Bull Run?
While the U.S. Securities and Exchange Commission (SEC) has yet to make a decision on the highly anticipated rule change related to listing a spot Bitcoin exchange-traded fund (ETF), the price of Bitcoin (BTC) continues its upward trend. The approval of the spot Bitcoin ETF and the Bitcoin Halving event, both to be approved for the first time, create an optimistic scenario for investors and traders to expect further gains.
Macro expert and investment manager Dan Tapiero expressed a bullish sentiment around Bitcoin for the next bull run. While many popular investors have already predicted a BTC price in the range of $500,000 to $1 million over the next decade, Tapiero has a conservative estimate of $100,000 within the next few years.
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This means expecting the price to triple from the current level below $40,000. Tapiero mentioned that he believes the next bull run will occur by 2025 and that the top cryptocurrency could surpass $100,000.
“I think Bitcoin will be over $100,000 by the next bull run until 2025. I think it’s a fairly conservative estimate.”
With the Bitcoin Halving event set to take place in the second quarter of 2024, price trends around a potential BTC price rally are expected to be supported, similar to previous Halving events, according to broad expectations.
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Spot Bitcoin ETF: Is Approval Near?
Previously, it was reported that representatives from BlackRock had met with SEC officials regarding their application for a spot Bitcoin ETF. There are also reports of SEC officials meeting with representatives from various crypto exchanges regarding the proposed rule change that includes the approval of a spot ETF.
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