Dan Tapiero, a seasoned macro investor and hedge fund manager, sees potential for a significant Bitcoin surge if the U.S. economy hits a downturn that pushes the Federal Reserve toward aggressive rate cuts.
In recent social media comments, Tapiero highlighted the drag that trade tensions are placing on both the U.S. and Chinese economies. He suggested that just as China has begun easing its monetary policy, the Fed could follow with a sharp reduction in interest rates — possibly by 250 basis points — if growth stalls.
Such a move, Tapiero speculates, could propel Bitcoin past $200,000, more than doubling its current price near $100,000.
His outlook follows fresh action from China’s central bank, which trimmed short-term lending rates from 1.5% to 1.4% and reduced the reserve requirement for banks.
The latter is expected to inject around $138 billion into the financial system, boosting liquidity in an effort to support growth.
Tapiero has previously pointed to bleak consumer sentiment in the U.S., which he says now mirrors the pessimism of the 2008 financial crisis. In his view, a weakening dollar and falling rates could act as a catalyst for Bitcoin, as traditional fiat currencies continue to lose purchasing power.
Bitcoin rose steadily in April, breaking through the psychological barrier of $100,000.
As global crypto companies reconsider their U.S. strategies due to rising geopolitical tensions, Hive Digital Technologies is betting on Latin America — specifically Paraguay — as its next growth frontier.
Bitcoin is on the verge of regaining its psychological threshold of $100,000, and analysts at CryptoQuant explain some of the reasons behind the rise.
Bitcoin surged toward the $100,000 milestone on Thursday, reaching as high as $99,621—its highest level since February—as investors reacted to geopolitical optimism surrounding a potential U.S.-UK trade deal. The rally was part of a broader crypto upswing, with Ether also jumping 8% to $1,943, its strongest intraday performance since early April. The latest price movement […]