Macro investor and fund manager Dan Tapiero says he remains long-term bullish on Bitcoin (BTC) amid a correction that has seen the flagship crypto asset fall by around 24% from the all-time high recorded in January.

In a new interview on the Wolf of All Streets YouTube channel, Tapiero says that Bitcoin could appreciate by around 117% from the current level after a period of trading sideways.

“I always expected us to spend months consolidating around $100,000. I think we’re going to chop up back and forth between $70,000 and $100,000 to digest all this news. And at some point, we’re going to head back up. And I have had this $180,000 target in mind for a while.”

On when Bitcoin could reach the $180,000 price target, Tapiero says,

“I know some people have been more aggressive but I think this bull phase, we can hit that [$180,000] this year or potentially early next year. But I’m thinking more this year.”

According to Tapiero, Bitcoin has posted positive returns from its mid-2023 levels, urging investors to zoom out and not get caught up by the current correction.

“So it’s just the way markets work right – you got 85% or 90% bulls up at $100,000 and now you’re down at, what is it? 15%? And people are despondent, they think the world is over and yet it’s at $80,000 which is still up you know 2x, 3x from 18 months ago. It’s pretty, pretty incredible.”

Bitcoin is trading at $82,940 at time of writing.

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 

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.

Generated Image: Midjourney

The post Bitcoin Will Rally to $180,000 As Investors Become Despondent, Says Venture Capitalist Dan Tapiero – Here’s When appeared first on The Daily Hodl.

Macro investor and fund manager Dan Tapiero says he remains long-term bullish on Bitcoin (BTC) amid a correction that has seen the flagship crypto asset fall by around 24% from the all-time high recorded in January.

In a new interview on the Wolf of All Streets YouTube channel, Tapiero says that Bitcoin could appreciate by around 117% from the current level after a period of trading sideways.

“I always expected us to spend months consolidating around $100,000. I think we’re going to chop up back and forth between $70,000 and $100,000 to digest all this news. And at some point, we’re going to head back up. And I have had this $180,000 target in mind for a while.”

On when Bitcoin could reach the $180,000 price target, Tapiero says,

“I know some people have been more aggressive but I think this bull phase, we can hit that [$180,000] this year or potentially early next year. But I’m thinking more this year.”

According to Tapiero, Bitcoin has posted positive returns from its mid-2023 levels, urging investors to zoom out and not get caught up by the current correction.

“So it’s just the way markets work right – you got 85% or 90% bulls up at $100,000 and now you’re down at, what is it? 15%? And people are despondent, they think the world is over and yet it’s at $80,000 which is still up you know 2x, 3x from 18 months ago. It’s pretty, pretty incredible.”

Bitcoin is trading at $82,940 at time of writing.

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 

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.

Generated Image: Midjourney

The post Bitcoin Will Rally to $180,000 As Investors Become Despondent, Says Venture Capitalist Dan Tapiero – Here’s When appeared first on The Daily Hodl.