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Bitcoin ETF

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<div class="cryptonews">
 <p class="is-style-lead">Dan Tapiero, CEO of growth equity fund 1RoundTable Partners, expects Bitcoin (BTC) 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 discussions 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 BlackRock 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>
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 <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. Galaxy Digital <a rel="noopener noreferrer nofollow" title="predicts" href="https://thebittimes.com/tag/predicts.html">predicts</a> a 74% price increase in the first year post a Bitcoin ETF 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. Predictions 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 Dr Proft, 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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 <p>With a circulating supply of 20 million BTC, Bitcoin’s market cap stands at $739,126,338,481, per data from CoinGecko.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-could-rally-to-100-000-and-beyond-expert-predicts-tbt71619.html">https://thebittimes.com/bitcoin-could-rally-to-100-000-and-beyond-expert-predicts-tbt71619.html</a></p>

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

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