Dan Tapiero, a macro investor and fund manager, argued that Bitcoin could make an important leap with the weakening of global economic indicators. Evaluating the possibility that the US Federal Reserve may be able to reduce interest rates, Tapiero said that the liquidity that will increase can prepare a new rally in the crypto currency market. In particular, the depreciation of the US dollar, investors’ search for safe port by increasing the view of the orientation of Bitcoin expressed the opinion. Bitcoin, which is currently traded at $ 94,277, is expected to rise up to $ 180,000 with its market conditions.
Economic data alarm
According to Dan Tapiero’s analysis, the second -degree indicators described in the US economy indicate a serious slowdown. Tapiero specifically demonstrated the “Expected Manufacturing Employment Index” data described by Richmond Fed, and that this index fell to similar levels in the 2008 crisis. Such data gives signals of seriousness that the American Central Bank cannot ignore. “Here we go again, Tap Tapiero pointed out to economic turmoil, said that the high -term interest rates of 4 %of the short -term interest rates lead to structural imbalances in the markets.
According to the investor, the probability of interest reduction may accelerate new liquidity entries to the market. This leads to the prominence of assets with limited supply such as Bitcoin against the US dollar, which cannot keep its value fixed. In particular, the decrease in consumer confidence strengthens the likelihood that the dollar will lose value over and over again. Tapiero, “This is a FED survey. They can no longer ignore,” he gave the signals of a possible change of direction.
Expectation of jumping in Bitcoin demand
Dan Tapiero’s evaluations are very important for the crypto money market. In order to protect themselves against economic fluctuations, investors are looking for solutions beyond traditional investment instruments. According to Tapiero, the liquidity in the system will expand with the increase in money supply, which will increase the interest in alternative beings. Bitcoin can sit at the center of this quest, especially with its limited production and decentralized structure.
The fund manager emphasizes that Bitcoin increases his charm not only during the periods of economic uncertainty, but also when the confidence in the traditional financial system decreases. According to him, this process can be not only a price increase, but also the beginning of a radical transformation in the monetary system. Although Tapiero specifies Bitcoin’s potential value as $ 180,000, he argues that significant economic and political changes may be experienced on global levels before achieving this goal.
As a result, while existing economic indicators force investors to be careful, the predictions of experienced names such as Tapiero cause new expectations in the crypto currency market. In particular, the steps taken by the US Federal Reserve seem to play a decisive role in crypto money pricing.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
