Dan Tapiero, CEO of private equity firm 10T Holdings, predicts that the Bitcoin price could easily reach $200,000. This prediction comes as a result of increased demand for Bitcoin through ETFs and the upcoming supply shock that the halving could bring.
“I think we could easily see a price close to $200,000. I don't think that's too crazy,” Tapiero said in an interview at the Digital Asset Summit in London. He explained that this would be an increase of approximately three times the current price and would roughly correspond to the percentage difference between the 2017 and 2021 highs.
Tapiero added that BTC rose nearly 20x from the bear market lows to its 2021 peak. If this trend repeats, Bitcoin could rise even higher, potentially reaching the $300,000 mark, according to the CEO.
Regarding the timing of this potential price increase, Tapiero said:
“It's hard to put a hard line on these things, and the timing is very difficult. Generally speaking, I think we'll get there in the next 18 to 24 months, and it could be sooner.”
According to the CEO, the upcoming BTC halving event constitutes another key bullish factor on a macro level:
“If you consider that supply is decreasing at a time when ETF-based demand is exploding, that really points to a lot of upside for BTC. And I think Bitcoin will drag everything else along with it.”
*This is not investment advice.
