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Home»BLOCKCHAIN NEWS»Experts predict that Bitcoin could rise above $100,000.
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Experts predict that Bitcoin could rise above $100,000.

By Crypto FlexsNovember 25, 20233 Mins Read
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Experts predict that Bitcoin could rise above 0,000.
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Dan Tapiero, CEO of growth equity fund 1RoundTable Partners, expects Bitcoin (BTC) to surpass $100,000.

The analyst added that this is a conservative estimate and suggests the flagship cryptocurrency is likely to see much bigger gains in the next five years.

Known for his macro insight and money management skills, Tapiero recently shared a cautious yet optimistic outlook on Bitcoin’s future value. A jump to $100,000 would give you an incredible 160% profit from current levels.

“When we first started looking at this in detail in 2019, the target was always $250,000 to $350,000 in Bitcoin,” says Tapiero.

According to him, this was a considered forecast for the end of 2010 that suggests a reasonable trajectory for Bitcoin growth.

In a discussion with former Goldman Sachs executive Raoul Pal, Tapiero highlighted notable changes in the cryptocurrency landscape. Traditional retail and financial giants are increasingly embracing digital assets and blockchain technology, signaling a shift away from the cautious approach seen in previous market cycles.

Big names like Adidas, LVMH, and Nike are exploring the integration of non-fungible tokens (NFTs), while major financial institutions like Franklin Templeton, Fidelity, and BlackRock are also showing great interest in this space.

Tapiero identifies the current phase as an “adoption cycle,” indicating growing interest and investment in protocols like Ethereum. However, he distinguishes this revenue from traditional flows, implying a change in the way value is perceived and exchanged.

market trends

Recent market trends, along with Tapiero’s insights, strengthen Bitcoin’s resilience and growth. Galaxy Digital expects the price of its Bitcoin ETF to increase by 74% in the first year after launch, with a base price of $26,920. This prediction is supported by the belief that ETFs will expand Bitcoin accessibility, especially for traditional investors accustomed to regulated investment vehicles.

At the same time, algorithmic models and Bitcoin prediction websites reflect bullish sentiments. According to forecasts, Bitcoin will be stuck at $137,400 until the end of 2025.

However, it is important to note the caution expressed by traders such as: professor doctor, highlighting the importance of Bitcoin maintaining above its 20-day simple moving average of $36,287. Failure to do so could set you back up to $33,000.

Bitcoin (BTC) current location

Bitcoin (BTC) is trading at $37,801.67 at press time, a slight decline of -0.07% in 24 hours and an increase of 2.90% over the past week.

With a circulating supply of 20 million BTC, Bitcoin’s market capitalization is $739,126,338,481, per data from CoinGecko.

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