Investor Dan Tapiero is predicting a Bitcoin price surge, fueled by upcoming economic shifts. He believes several factors are lining up for a bullish market.
Fed Rate Cuts and Increased Liquidity Predicted
Tapiero points to a recession probability indicator from Bravos Research, suggesting the Federal Reserve will inject more liquidity into the market and lower interest rates to boost the economy. He believes this looser monetary policy will trigger a Bitcoin rally. He tweeted: “Unlikely recession coming given Fed has room to cut interest rates – 400 basis points possible to 0 if needed… But this indicator has never been higher and a recession not followed. Slowing growth ahead clear, guaranteed by fiscal tightening. Rates must drop. Liquidity needed. BTC.”
Stock Market Dip Expected Before Bitcoin Soars
Tapiero anticipates another 10% drop in the stock market before the Fed cuts rates, regardless of economic data.
$180,000 Bitcoin Price Prediction
In a recent interview, Tapiero boldly predicted Bitcoin could reach $180,000. He believes this could happen this year or early next year, arguing that the current market sentiment, while bearish, doesn’t reflect Bitcoin’s actual growth over the past 18 months. He notes that even at current prices, Bitcoin is still significantly up from its price 18 months ago.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before making any investment decisions.
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