Macro investor and fund manager Dan Tapiero emphasized his long-term optimism for Bitcoin 
$94,995, even after a nearly 24% drop in its value. He noted that the market is currently in a correction phase, suggesting that it could reach higher levels in the future. As of the time of writing, Bitcoin’s price hovered around 82,340 dollars.
Bitcoin Will Consolidate
Tapiero stated that Bitcoin has the potential for a valuation increase of approximately 117% following its current sideways movement. He explained that the market could fluctuate between 70,000 and 100,000 dollars, a process he deemed necessary to assimilate all developments.
With both recession and inflation concerns becoming prominent due to Trump’s tariffs and the Federal Reserve’s delayed easing, the uncertainty has significantly impacted the market. In such turbulent times, altcoin investors appear to bear the brunt of the challenges.
Anticipating Bitcoin’s Future
The investor highlighted the importance of a cautious approach based on historical data and market dynamics for Bitcoin. He underscored that price fluctuations are normal and noted that the crypto asset has yielded positive returns from 2023 levels.
Dan Tapiero: “I expected we would consolidate around $100,000 for months. While the market fluctuates between $70,000 and $100,000, I believe it will ultimately go up, and my target is $180,000.”
While acknowledging the market’s occasional high volatility, the investor stated that this can be balanced with long-term investment strategies, referring to the current correction phase as a short-term restructuring.
Tapiero also expressed that reaching the $180,000 target within this year or early next year is feasible. He indicated that, despite more aggressive viewpoints, he believes achieving the $180,000 target is possible at this stage.
Dan Tapiero: “While some views are more aggressive, I think we can reach the $180,000 target in this phase.”
In his statements, the investor noted that there are also risks associated with market expectations. The adoption of long-term strategies is considered a way to assess the current volatility.
The corrections seen in Bitcoin’s recent trajectory are viewed within the normal dynamics of the market, with a recommendation for investors to adopt a long-term perspective.
