Venture Capitalist Dan Tapiero Says 2024 Will Be a Big ‘Up Year’ for Bitcoin – Here’s Why
Macro guru and crypto fund manager Dan Tapiero is predicting that Bitcoin (BTC) will have a big “up year” in 2024.
Tapiero tells his 111,000 followers on the social media platform X that the top-performing asset Bitcoin will likely continue to post big gains next year after soaring in 2023.
“What is not clear here? Bitcoin +160% year-to-date and closing in on a high for a year-end close. Clear track record suggests a big up year in 2024. Impossible for institutional investors to ignore the greatest returning asset of all time. 0% exposure will pose career risk.”
He also says that the precious metal gold is forming a bullish cup-and-handle price pattern, and he believes that Federal Interest rates will soon be lowered, giving a boost to gold along with Bitcoin and Ethereum (ETH).
“Gold looks so explosive. Have said many times in the past few months epic rally occurring, no such thing as a triple top, cup and handle in play.
Interest rates collapse plus diversification out of USD likely in play. $2,300-$2,500 target.
Bullish for Bitcoin, ETH.”
The venture capitalist shares a chart from former Goldman Sachs executive Raoul Pal that shows increasing global liquidity could cause Bitcoin to cross $200,000 next year.
“The world is not ready for this chart. [Pal] continues his excellent work with monthly GMI (Global Macro Investor) report. A $200,000 Bitcoin in 2024 suggests a true and imminent change in the world. Zero exposure will pose a career risk for traditional money managers. Money and value get redefined.”
Tapiero previously said that a value of $100,000 for Bitcoin is a “pretty conservative estimate” and predicted a BTC value between $250,000 and $350,000 by 2029.
Bitcoin is trading for $43,869 at time of writing, up slightly in the last 24 hours.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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The post Venture Capitalist Dan Tapiero Says 2024 Will Be a Big ‘Up Year’ for Bitcoin – Here’s Why appeared first on The Daily Hodl.
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Venture Capitalist Dan Tapiero Says 2024 Will Be a Big ‘Up Year’ for Bitcoin – Here’s Why
Macro guru and crypto fund manager Dan Tapiero is predicting that Bitcoin (BTC) will have a big “up year” in 2024.
Tapiero tells his 111,000 followers on the social media platform X that the top-performing asset Bitcoin will likely continue to post big gains next year after soaring in 2023.
“What is not clear here? Bitcoin +160% year-to-date and closing in on a high for a year-end close. Clear track record suggests a big up year in 2024. Impossible for institutional investors to ignore the greatest returning asset of all time. 0% exposure will pose career risk.”
He also says that the precious metal gold is forming a bullish cup-and-handle price pattern, and he believes that Federal Interest rates will soon be lowered, giving a boost to gold along with Bitcoin and Ethereum (ETH).
“Gold looks so explosive. Have said many times in the past few months epic rally occurring, no such thing as a triple top, cup and handle in play.
Interest rates collapse plus diversification out of USD likely in play. $2,300-$2,500 target.
Bullish for Bitcoin, ETH.”
The venture capitalist shares a chart from former Goldman Sachs executive Raoul Pal that shows increasing global liquidity could cause Bitcoin to cross $200,000 next year.
“The world is not ready for this chart. [Pal] continues his excellent work with monthly GMI (Global Macro Investor) report. A $200,000 Bitcoin in 2024 suggests a true and imminent change in the world. Zero exposure will pose a career risk for traditional money managers. Money and value get redefined.”
Tapiero previously said that a value of $100,000 for Bitcoin is a “pretty conservative estimate” and predicted a BTC value between $250,000 and $350,000 by 2029.
Bitcoin is trading for $43,869 at time of writing, up slightly in the last 24 hours.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: DALLE3
The post Venture Capitalist Dan Tapiero Says 2024 Will Be a Big ‘Up Year’ for Bitcoin – Here’s Why appeared first on The Daily Hodl.
Read More