10T Holdings CEO: Bitcoin May Reach $200,000 Easily
According to 10T Holdings CEO Dan Tapiero, Bitcoin has the potential to reach a price of $200,000 due to increased inflows from ETFs and the upcoming halving.
Tapiero has stated that this expectation is not unreasonable, as it roughly aligns with the percentage difference between the peaks of 2017 and 2021. He has further pointed out that the rise in price from the bear market lows to the 2021 peak suggests a positive scenario of $300,000.
Tapiero predicts that this price zone could be reached within the next 18 to 24 months, possibly even sooner.
He has also noted the fundamental bullish factor of the upcoming halving in April, which will further tighten Bitcoin’s supply at a time when demand for ETFs is increasing.
In addition, Tapiero sees a strong potential for Ethereum-based exchange-traded funds to be approved, given the asset’s acceptance and network effects.
