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Macro guru and fund manager Dan Tapiero is expressing bullish sentiment on Bitcoin (BTC) with a prediction that the market cap of the flagship crypto asset could hit 14 figures.
In a new interview with Anthony Pompliano, Tapiero says that he sees the market cap of Bitcoin reaching up to $10 trillion from just under $600 billion currently.
“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 macro guru and fund manager, Bitcoin is likely to hit a price of up to half a million dollars under the current global economic circumstances.
“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.”
Bitcoin is trading at $30,838 at time of writing.
As for the combined value of all crypto assets, Tapiero says the total market cap will soar by over 600% from the current levels.
“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.”
The total crypto market cap is approximately $1.34 trillion at time of writing.
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