Macro investor and fund manager Dan Tapiero is optimistic about Bitcoin (BTC) and Ethereum (ETH).
In a new interview on CoinDesk’s YouTube channel, Tapiero says Bitcoin could rise over 56% from current levels, while Ethereum could gain more than 81% from current price in the coming months.
“I think in the next six months we’ll be above $100,000 per Bitcoin and probably above around $5,000 for Ethereum. I think there’s a big bull run coming.”
At the time of writing, Bitcoin is trading at $63,941, while Ethereum is changing hands at $2,756.
According to the macro investor and fund manager, a rate cut by the Federal Reserve will have a positive impact on Bitcoin.
“When there is ample liquidity, and I think the markets are starting to sense that there will be, those liquidity assets move…
…And I keep telling people, “Look, when interest rates were at zero, Bitcoin was around $65,000, the peak of 2021.” Interest rates went to 5% and are still there. And Bitcoin is at the same price now. If that short-term interest rate goes from 5% to 2.5% or 3%, Bitcoin should easily double in price just from that.
Forget all the countless, wonderful developments that are happening in the chain and in this area, all the innovations. Forget all that. If you just look at this one metric, I think there is reason to be super optimistic here.”
Regarding the macro environment, Tapiero says:
“And so I’m very bullish on Bitcoin and Ethereum for the next two, three, four months. Those are, to me, the core values of the digital asset ecosystem, as I would call it…
…but I look at the broad backdrop of traditional macro and think it’s very supportive of core cryptocurrency.”
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Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, nor is it an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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