Venture capitalist Dan Tapiero is sticking to his bullish Bitcoin prediction, even with the recent price dip. He believes the cryptocurrency is poised for a major rally.
A Dip, Not a Crash
Tapiero acknowledges Bitcoin’s recent correction – a roughly 24% drop from its all-time high. However, he sees this as a temporary setback. He expects Bitcoin to trade sideways between $70,000 and $100,000 for a while before another big jump.
$180,000 Target in Sight
Tapiero maintains his long-held prediction of Bitcoin reaching $180,000. He’s optimistic this could happen later this year or early next year.
Don’t Panic, Zoom Out!
Tapiero urges investors not to get discouraged by the current market downturn. He points out that even at its current price (around $80,000), Bitcoin is still significantly higher than it was 18 months ago. He says the market’s reaction is typical – a lot of optimism at the peak, followed by pessimism during a correction. He advises investors to maintain a long-term perspective.
Disclaimer: This information is for general knowledge only and is not financial advice. Always do your own research before investing in cryptocurrencies.
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