Dan Tapiero, a macro expert and fund manager, has made a bold forecast about Bitcoin’s (BTC) market value, saying that it may reach 14 digits.
Tapiero said in a recent interview with Anthony Pompliano that Bitcoin’s market valuation might rise to $10 trillion from its present level of around $600 billion.
“It will be around five and eight trillion dollars. Can I see it reaching $10 trillion? Yes, of course. There’s no reason why it can’t reach $10 trillion.”
According to the macro expert and fund manager, The global economic situation is such that, Bitcoin might reach a price of up to $500,000 in the near future.
“You know, given the worth of other assets in the globe, I believe $300,000 to $500,000 is a really solid spot you know. I’ve been saying that for a time now.”
At the time of writing, one bitcoin is worth around $30,838. Tapiero predicts a surge of nearly 600% in the overall market valuation of all cryptocurrencies compared to present levels.
“My first estimate for the market worth of the space was $10 trillion. That’s a 30x increase over 10 years, starting with $300 billion. I now believe that to be incorrect. Since it now seems to include everything, I predict that the space will grow much above $10 trillion. It’s everything: not only money or a store of value but also smart contracts, decentralized finance, non-fungible tokens, and stablecoins. At now, the entire value of the cryptocurrency market is at $1.34 trillion.”
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.