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Bitcoin ETF

Bitcoin

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<p class="is-style-lead">Dan Tapiero, CEO of growth equity fund 1RoundTable Partners, expects Bitcoin (<a href="https://crypto.news/bitcoin-price/">BTC</a>) to surpass $100,000. </p> 
<p class="is-style-default">That’s a conservative estimate, the analyst adds, suggesting the flagship cryptocurrency has the potential for even greater gains within the next five years.</p> 
<p>Tapiero, known for his macro insights and fund management prowess, recently shared a cautiously optimistic outlook on Bitcoin’s future value. A surge to $100,000 would signify a remarkable 160% gain from the current levels.</p> 
<p>“My target for when I first started looking at this deeply in 2019 was always around $250,000 to $350,000 on Bitcoin,” Tapiero says. </p> 
<p>This, according to him, was a considered projection for the end of the decade, suggesting a reasonable trajectory for Bitcoin’s growth.</p> 
<p>In <a href="https://youtu.be/-qcw4B-hv5Y" target="_blank" rel="noopener">discussions</a> with former Goldman Sachs executive Raoul Pal, Tapiero emphasized a noteworthy shift in the cryptocurrency landscape. Traditional retail and financial giants are increasingly embracing digital assets and blockchain technology, signaling a departure from the cautious approach seen in previous market cycles.&nbsp;</p> 
<p>Notable companies like Adidas, LVMH, and Nike are exploring the integration of non-fungible tokens (NFTs), and major financial institutions like Franklin Templeton, Fidelity, and <a href="https://crypto.news/blackrock-applies-for-spot-ethereum-etf/">BlackRock</a> are displaying a keen interest in the sector.</p> 
<p>Tapiero identifies the current phase as an “adoption cycle,” pointing to the growing interest and investments in protocols like Ethereum. However, he distinguishes this revenue from traditional streams, hinting at a transformation in how value is perceived and exchanged.</p> 
<p> You might also like: <a href="https://crypto.news/bitcoins-path-to-40k-predicted-by-cryptosrus-analyst/"> Bitcoin’s path to $40k predicted by CryptosRUs analyst </a> </p>  
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"> <iframe title="Dan Tapiero: Bitcoin Price to 10X This Decade, a 'Truly Global Macro Asset' &amp; Investing with Legends" width="1020" height="574" src="https://www.youtube.com/embed/inmT5l03hKs?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
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</figure> 
<h2 class="wp-block-heading" id="market-trends">Market trends</h2> 
<p>In tandem with Tapiero’s insights, recent market trends reinforce Bitcoin’s resilience and growth. <a href="https://crypto.news/galaxy-digital-predicts-74-surge-in-btc-price-after-spot-etf-launch/">Galaxy Digital</a> predicts a 74% price increase in the first year post a Bitcoin <a href="https://crypto.news/analyst-says-bitcoin-etf-approval-may-be-coming-within-days/">ETF</a> launch, with a base price of $26,920. This projection is underpinned by the belief that an ETF would broaden Bitcoin accessibility, particularly for traditional investors comfortable with regulated investment vehicles.</p> 
<p>Simultaneously, algorithmic models and Bitcoin forecast websites echo optimistic sentiments. <a href="https://digitalcoinprice.com/forecast/bitcoin" target="_blank" rel="noopener">Predictions</a> peg Bitcoin at $137,400 by the close of 2025.&nbsp;</p> 
<p>However, it’s essential to note the caution expressed by traders like <a href="https://twitter.com/DrProfitCrypto/status/1727106995361386629?t=vSOEdp5dUS8TFif7QPYO8Q&amp;s=19" target="_blank" rel="noopener">Dr Proft</a>, emphasizing the importance of Bitcoin holding above the 20-day Simple Moving Average at $36,287. Failure to do so could trigger a retracement to $33,000.</p> 
<h2 class="wp-block-heading" id="bitcoin-s-btc-current-position">Bitcoin’s (BTC) current position</h2> 
<p>Bitcoin (BTC) is exchanging hands for $37,801.67, at press time, representing a marginal 24-hour decline of -0.07% and a 2.90% increase over the past week. </p> 
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 <img loading="lazy" decoding="async" width="1024" height="1024" src="https://crypto.news/app/uploads/2023/11/btc1-1024x1024.jpeg" alt="Bitcoin could rally to $100,000 and beyond, expert predicts - 24" class="wp-image-14220302">
</figure> 
<p>With a circulating supply of 20 million BTC, Bitcoin’s market cap stands at $739,126,338,481, per data from CoinGecko.</p> 
<p>Tapiero isn’t the only crypto pro sharing bullish insights on Bitcoin as of late. On X, formerly Twitter, BitMEX co-founder Arthur Hayes predicted that Bitcoin, like dollar liquidity, will enjoy an uptick. See below:</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Getting my feet did and observing how Bad Gurl Yellen is busy pumping financial assets. Don’t get distracted, $ liquidity is increasing and <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BTC</a> will go up as well. This is the chart of net RRP and TGA balance changes. <a href="https://t.co/l2US0FzlAX" target="_blank">pic.twitter.com/l2US0FzlAX</a></p>— Arthur Hayes (@CryptoHayes) <a href="https://twitter.com/CryptoHayes/status/1728315487875191101?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 25, 2023</a>
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  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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  Nov. 25 post by Arthur Hayes.
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<p> Read more: <a href="https://crypto.news/analyst-sees-cardano-and-bitcoin-on-verge-of-breakout/"> Analyst sees Cardano and Bitcoin on verge of breakout </a> </p>

Bitcoin could rally to $100,000 and beyond, expert predicts

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