Dan Tapiero, a macro expert and fund manager, is bullish on Bitcoin (BTC) and says that the market cap of the most famous cryptocurrency could reach 14 figures.
Tapiero said in a new interview with Anthony Pompliano that he thinks Bitcoin’s market cap could hit $10 trillion, up from just under $600 billion right now.
“Somewhere between $5 – $8 trillion. Do I think it could go to $10 trillion? Sure, absolutely. It absolutely can go to $10 trillion.”
According to the financial guru and fund manager, Bitcoin could reach a price of up to $500,000 given the way the world economy is going right now.
“I’ve been saying the same thing for a while, and I think $300,000 to $500,000 is a good solid place you know given the value of other assets sort in the world.”
At the time of writing, the price of Bitcoin is $30,838.
Tapiero says that the total value of all crypto assets will go up by more than 600% from where it is right now.
“My original thought was the space was going to go to $10 trillion in value. That’s from $300 billion, it was a 30x in 10 years.
I think that’s going to be wrong now. I think the space is probably going to go much higher than $10 trillion because it’s starting to encompass everything, right?
It’s not just money, store of value, programmable contracts, DeFi (decentralized finance), NFTs (non-fungible tokens), stablecoins it’s everything.”
At the time of writing, the crypto market cap is $1.34 trillion.
