Macro guru and fund manager Dan Tapiero is expressing bullish sentiment on Bitcoin (BTC) with a prediction that the market cap of the flagship crypto asset could hit 14 figures.
In a new interview with Anthony Pompliano, Tapiero says that he sees the market cap of Bitcoin reaching up to $10 trillion from just under $600 billion currently.
“Somewhere between $5 – $8 trillion. Do I think it could go to $10 trillion? Sure, absolutely. It absolutely can go to $10 trillion.”
According to the macro guru and fund manager, Bitcoin is likely to hit a price of up to half a million dollars under the current global economic circumstances.
“I’ve been saying the same thing for a while, and I think $300,000 to $500,000 is a good solid place you know given the value of other assets sort in the world.”
Bitcoin is trading at $30,838 at time of writing.
As for the combined value of all crypto assets, Tapiero says the total market cap will soar by over 600% from the current levels.
“My original thought was the space was going to go to $10 trillion in value. That’s from $300 billion, it was a 30x in 10 years.
I think that’s going to be wrong now. I think the space is probably going to go much higher than $10 trillion because it’s starting to encompass everything, right?
It’s not just money, store of value, programmable contracts, DeFi (decentralized finance), NFTs (non-fungible tokens), stablecoins it’s everything.”
The total crypto market cap is approximately $1.34 trillion at time of writing.
IDon't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney