‘There’s a Big Bull Rush Coming’ – Bitcoin and Ethereum on Course for Massive Gains, According to Dan Tapiero

Macro investor and fund manager Dan Tapiero is expressing bullish sentiment on Bitcoin (BTC) and Ethereum (ETH).

In a new interview on the CoinDesk YouTube channel, Tapiero says that Bitcoin could go up by over 56% from the current level while Ethereum could appreciate by more than 81% from the current price over the coming months.

“Over the next six months, I think we will be over $100,000 per Bitcoin and probably over around $5,000 in Ethereum as well. I think there’s a big bull rush coming.”

At time of writing, Bitcoin is trading at $63,941 while Ethereum is changing hands at $2,756.

According to the macro investor and fund manager, a Federal Reserve rate cut will impact Bitcoin positively.

“When liquidity is plentiful, which I think the markets are beginning to sense that it’s going to become, these liquidity assets move…

…And I keep saying to people, look, when the interest rate was zero, Bitcoin was around $65,000, the peak in 2021. Rates went to 5%, they’re still there. And Bitcoin is now at the same price. When that short rate goes from 5% to 2.5% or 3%, Bitcoin should easily double just on that.

Forget about all of the myriad, wonderful developments going on on-chain and in this space, all the innovation. Forget about all of that. If you just look at that one measure, I think there’s cause for being super bullish right here.”

On the macro environment, Tapiero says,

“And so over the next two, three, four months, as I look out, I’m very bullish on Bitcoin and Ethereum. Those to me are the core assets of the digital asset ecosystem broadly, as I’d call it…

…but I look at that broad background of the traditional macro, and I think it’s very supportive for core crypto.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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