Speaking with Cointelegraph, 10T Holdings founder Dan Tapiero explains why Bitcoin’s fundamentals remain strong even as a 70% downturn looms in the next bear phase.
Macro investor Dan Tapiero remains convinced that Bitcoin (BTC) is on track to reach $180,000 as part of its current bull cycle, but warns that a major correction could follow once the rally peaks.
Despite recent risk-off sentiment and heavy selling from long-term “OG whales,” Tapiero insists the bull market remains intact. “I think the macro backdrop is still positive,” he said in an interview with Cointelegraph.
According to Tapiero, the latest all-time high didn’t fully reflect the “fundamental improvements” in Bitcoin’s ecosystem or the increasingly favorable macro environment supporting digital assets.
