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Bitcoin: Market Cap Could Soar to $10 Trillion, Says Macro Guru

source-logo  coinspress.com 17 April 2023 05:00, UTC

In a recent interview with Anthony Pompliano, macro guru and fund manager Dan Tapiero shared his optimistic outlook on Bitcoin (BTC).

Tapiero predicted that the market cap of BTC, which currently stands at just under $600 billion, could reach as high as $10 trillion in the future.

He believes that BTC could hit a price of up to half a million dollars due to the current global economic conditions.

Tapiero also noted that Bitcoin’s growing popularity and use cases make it an attractive investment opportunity.

He stated that “It’s not just money, store of value, programmable contracts, DeFi (decentralized finance), NFTs (non-fungible tokens), stablecoins, it’s everything.”

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According to Tapiero, the total market cap of all crypto assets will increase by over 600% from its current levels.

He originally predicted that the crypto space would reach a total value of $10 trillion but now believes it could go much higher due to its all-encompassing nature.

At the time of writing, BTC is trading at $30,420 while the total crypto market cap stands at approximately $1.34 trillion.