Investor Dan Tapiero named the main factor that will cause the growth of the bitcoin cryptocurrency to $ 200,000

Famous investor Dan Tapiero published a bullish tweet about bitcoin, in which he shared his vision of how BTC will exceed the $ 200,000 price level in the near future. According to the expert, an important macroeconomic factor plays a role here.

Bitcoin investor and supporter Dan Tapiero, who is also the co-founder of Gold Bullion International and 10T Holdings, said that the growth of BTC $65,755.33 Bitcoin -0.33% Market capitalization $1.3 trillion VOL. 24 hours $0.6 billion has nothing to do with the upcoming halving. However, when other experts have previously made the same argument when predicting bitcoin’s growth, they were referring to the fact that bitcoin is uniquely scarce as an asset.

Tapiero tweeted that he had noticed the «most surprising correlation» he had seen in the market recently. There may be «extreme anxiety among investors about the depreciation of the currency caused by the 60% rise in the Treasury bond market» over the past five years.

The expert said that he is bullish on gold in this regard and will be even more optimistic when the US Federal Reserve starts to cut interest rates. As for bitcoin, Tapiero emphasized that the current state of depreciation of the currency is likely to push BTC to $ 200,000 and beyond.