Veteran investor Dan Tapiero, the founder and president of One Roundtable Partners, is optimistic about Bitcoin. According to him, Bitcoin is on a clear growth path that could bring the market capitalization up to $10 trillion. He forecasts in the range from $150,000 to $180,000 but also sees the potential to get over the $250,000 to $300,000 level as well.
Key facts from Tapiero's analysis: Key facts from Tapiero's analysis:
Conservative Bitcoin prediction: $150,000 to $180,000
Potential peaks: $250,000 to $300,000
Expected market cap: Between $4 and $5 trillion
Long-term perspective: Bitcoin is on track to reach $10 trillion market cap in this cycle.
US government influence on Bitcoin
According to Tapiero, all the positive indications about Bitcoin and cryptocurrencies are at the present political moment. From his point of view, the government has "pro-crypto" people in "pro-crypto" jobs, e.g.
Elon Musk, a prominent Bitcoin and crypto supporter.
Scott Bessent who occupies a key role within the Treasury Department.
The head of the SEC, a natural progressive player in the crypto space.
Furthermore, Tapiero does not doubt that US is working towards becoming a dominant player in the digital asset world, be it in Web3, NFTs or in decentralized finance (DeFi) programs. The regulatory environment is evolving to be more and more crypto-accepting, which, in turn, should have a positive effect on the whole market.
The role of the dollar and stablecoins
Another striking aspect of Tapiero's examination is the case of the US currency. Despite some expectations of a bearish dollar market, he sees no signs of a sharp decline at the moment. Instead, he highlights:
Gold continues to trade above its all-time high and the euro and yen trade to all-time lows in US dollars (USD).
Stablecoins on the rise: This year the stablecoin market would be at the approximate worth of USD $10 trillion.
Bitcoin as a digital reserve: The digital asset phenomenon will be amplified, with Bitcoin playing a key role.
Bitcoin in the DeFi and smart contract environment
Tapiero notes that Bitcoin continues to exert an ever growing influence in the world of DeFi. Despite Ethereum and Solana being the forefront of smart contract platform, Bitcoin may increasingly serve as the core collateral asset in the decentralised finance (DeFi) protocols. However, today only ≈1% of the total market capitalization of Bitcoin is used in DeFi as ""Wrapped Bitcoin""(wBTC. Tapiero expects strong growth here in the coming years.
Political developments: Trump and Bitcoin
Of interest to the political sphere is the decision of the former US President Donald Trump to restrict CBDCs (Central Bank Digital Currency) in the US, while the strategic role of Bitcoin is being consolidated. The state holds 198,000 BTC in this regard and development of the implementation of bitcoin in the national budget scheme is being planned. This political move could give Bitcoin an additional boost.
Conclusion: Bitcoin remains on a growth trajectory
Predicted by Dan Tapiero forecasts predict greater Bitcoin price increases, up to $300,000. Given the present world, including US governments stance, the growth of stablecoins and deeper integration into DeFi, Bitcoin will continue to grow rapidly in the future.
