Ethereum

bullish

Bitcoin

when

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/dan-tapiero-predicts-significant-increases-for-bitcoin-and-ethereum/" data-wpel-link="internal">Dan Tapiero Predicts Significant Increases for Bitcoin and Ethereum</a> 
The release of the Fed minutes during the week and Jerome Powell’s speech on Friday led to upward movements in Bitcoin and <a href="https://en.coin-turk.com/low-volatility-in-may-takes-its-toll-prospects-for-bitcoin-and-ethereum-in-june/" data-wpel-link="internal">Ethereum</a>, delighting investors. Amid these events, leading figures in the market also showed increased optimism and bullish statements. In this context, some remarks from Dan Tapiero drew attention. 
<h2 style="text-align: justify" id="dan-tapiero-s-bitcoin-and-ethereum-commentary">Dan Tapiero’s Bitcoin and Ethereum Commentary</h2> 
Dan Tapiero, known as a macro investor and fund manager, expressed an optimistic view on Bitcoin (BTC) and Ethereum (ETH). 
In a recent YouTube interview, Tapiero mentioned that Bitcoin could see an increase of over 56% from its current price level, while Ethereum could experience a value increase of over 81% in the coming months. This indicated that prominent market figures adopted a bullish view after the decline at the beginning of the month. 
His first statement was as follows: 
<blockquote> 
 I think we will be above $100,000 per Bitcoin and likely above $5,000 for Ethereum within the next six months. I believe a major bull run is coming. 
</blockquote> 
According to the macro investor and fund manager, a rate cut by the Federal Reserve could positively impact Bitcoin. 
<blockquote> 
 When liquidity becomes abundant, which I think markets are starting to sense, this liquidity moves assets… And I keep telling people, look, when the <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">interest rate</a> was zero, Bitcoin was around its peak of $65,000 in 2021. Rates went up to 5%, and they are still there. And Bitcoin is currently at the same price. When this short rate goes from 5% to 2.5% or 3%, Bitcoin could easily double just from this rate alone. Forget all the countless, great developments and innovations happening on-chain and in this <a href="https://newslinker.co/category/science/space/" target="_blank" rel="noopener" data-wpel-link="exclude">space</a>. Forget all of them. If you just look at this single measure, I think there’s a reason for super bullishness here. 
</blockquote> 
Evaluating the broader economic environment, Tapiero’s view was as follows: 
<blockquote> 
 I think we will see a rise in Bitcoin and Ethereum within the next two, three, four months. To me, these are the core assets of the digital asset ecosystem in general… but I look at this broad backdrop of traditional macro, and I think it’s very supportive for core crypto. 
</blockquote> 
<h2 style="text-align: justify" id="current-prices-of-bitcoin-and-ethereum">Current Prices of Bitcoin and Ethereum</h2> 
As of the time of writing, Bitcoin is trading at $64,200, indicating a 5% increase. Over the last 7 days, BTC’s price has risen by 8.49%. This price increase has also pushed the market cap back above $1.250 trillion. 
BTC’s 24-hour trading volume has surpassed $43 billion, marking an increase of over 50% after a long period. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-382892" src="https://coin-turk.com/wp-content/uploads/2024/08/btc-eth-yorum-coin-turk-com.png" alt="" width="1227" height="148"> 
For Ethereum, the price has exceeded $2,761 after a 3.33% increase. The 7-day price change is a positive 6.33%, while the market cap remains above $332 billion. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/dan-tapiero-predicts-significant-increases-for-bitcoin-and-ethereum/" data-wpel-link="internal">Dan Tapiero Predicts Significant Increases for Bitcoin and Ethereum</a></h5>
The post <a href="https://en.coin-turk.com/dan-tapiero-predicts-significant-increases-for-bitcoin-and-ethereum/" data-wpel-link="internal">Dan Tapiero Predicts Significant Increases for Bitcoin and Ethereum</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Dan Tapiero Predicts Significant Increases for Bitcoin and Ethereum

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