A $10,000,000,000,000 Bitcoin market cap can absolutely happen, says macro guru Dan Tapiero — here’s why
Macro guru and fund manager Dan Tapiero is bullish on Bitcoin (BTC) with a prediction that the flagship crypto asset’s market cap could hit 14 digits.
In a new interview with Anthony Pompliano, Tapiero says he sees Bitcoin’s market cap going as high as $10 trillion from the current close to $600 billion.
“Somewhere between $5 trillion and $8 trillion. Do I think it could go to $10 trillion? Sure, absolutely. It can absolutely go up to $10 trillion.”
According to the macro guru and fund manager, Bitcoin is likely to price as high as half a million dollars in the current global economic circumstances.
“I’ve been saying this for a while, and I think $300,000 to $500,000 is a good solid place you know given the value of other assets in the world.”
Bitcoin is trading at $30,838 at the time of writing.
As for the combined value of all crypto assets, Tapiero says the total market cap will increase by over 600% from current levels.
“My initial thought was that the space would be worth $10 trillion. That’s from $300 billion, it’s been a 30x increase in 10 years.
I think this will be wrong now. I think the space is probably going to be a lot more than $10 trillion because it’s starting to encompass everything, right?
It’s not just money, stores of value, programmable contracts, DeFi (decentralized finance), NFTs (non-fungible tokens), stablecoins, it’s everything.”
The total crypto market cap is around $1.34 trillion at the time of writing.
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