Macro investor Dan Tapiero maintains a bullish outlook for Bitcoin, currently trading near $105,130. He predicts the asset will reach $180,000 in the current bull cycle. However, he also warned of a severe Bitcoin price correction that could follow that peak.
Tapiero bases his short-term optimism on key factors. He mentions stronger regulation and growing institutional adoption as pillars of support. Additionally, the investor pointed to the growing role of stablecoins in boosting digital assets. Despite short-term selling, he believes the bull market is not broken.
Nonetheless, the investor remains pragmatic about volatility. He warned that Bitcoin’s familiar boom-and-bust rhythm is not over. Tapiero recalled the 90% drop in 2018. He said, “markets don’t move in straight lines.” Therefore, he considers an eventual pullback a normal part of the cycle, not a sign of structural weakness.
Are We Prepared for the Duality of Bitcoin’s Next Cycle?
Tapiero anticipates a severe correction, though smaller than in past cycles. He estimates a drop of around 70% once prices reach the $180,000 peak. For long-term investors, Tapiero’s vision is even more optimistic. He projects that Bitcoin could reach $1 million within the next decade. This cryptocurrency would continue to serve as a hedge against currency devaluation in a digital economy.
From a technical perspective, Bitcoin’s price remains in an ascending channel. It recently rebounded from $102,950, forming a bullish engulfing candle. Analysts note that a clean break above $107,500 could open the door to $110,700. On the other hand, an emerging project, Bitcoin Hyper ($HYPER), seeks to capitalize on the ecosystem. This L2 project on Solana has raised over $26.9 million in presale, merging Bitcoin’s stability with SVM’s speed.
