As Bitcoin exceeds $61,000, expectations for the price are also increasing. At this point, while we are talking about the previous ATH level of $ 69,000 for BTC in the short term, a long-term target of $ 200,000 in 2024 is being talked about.
At this point, the final assessment came from hedge fund manager Dan Tapiero.
Making a new post from his X account, Tapiero claimed that Bitcoin could see a surprising increase reaching between $ 90,000 and $ 200,000 in 2024.
While the famous name attributed this upward expectation to the remarkable rise that BTC experienced in a short time, he said that despite this significant rise, the market did not overheat, but there were still many skeptics.
Additionally, Tapiero argued that a shocking acceleration in BTC is imminent due to the macroeconomic backdrop, including short interest rates in the US and a strong US dollar, that could further fuel Bitcoin's rise.
“Bitcoin is up almost 100% in 5 months and there is still no sense of overheating.
But suspects are still everywhere.
Short-term interest rates in the US are still 5%! USD is strong. Due to this macroeconomic backdrop, I think a shocking acceleration in BTC is imminent.
Breaking $70,000 in Bitcoin takes us directly towards $90,000.
Then this year it's $150,000 to $200,000.”
Surprised.#Bitcoin up almost 100% in 5 mo and not feeling frothy.
Doubters still everywhere.
X even a bit sedate.
US short rates still 5%! USD strong.#BTC shocking acceleration up feels imminent.
Break of 70k goes right to 90k…
Then 150k-200k this yr.🚀 pic.twitter.com/CEHb0A6Oos
— Dan Tapiero (@DTAPCAP) February 28, 2024
*This is not investment advice.
