The Fed minutes are released midweek and then on Friday Jerome Powell Following his speech, Bitcoin and Ethereum saw upward movements, which delighted investors. In the midst of these developments, bullish statements and optimism from leading figures in the market also increased. In this context, some of Dan Tapiero’s statements also drew attention.
Dan Tapiero’s Bitcoin and Ethereum Review
Known as a macro investor and fund manager Dan Tapiero, He stated that he has an optimistic view on Bitcoin (BTC) and Ethereum (ETH). A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
In a new YouTube interview, Tapiero stated that Bitcoin could increase by more than 56% from its current price level, while Ethereum could host a value increase of more than 81% in the coming months. This situation revealed that the notable names of the market adopted an upward view again after the decline at the beginning of the month.
The first statement made by the famous name was as follows:
I think we’ll be over $100,000 per Bitcoin in the next six months and probably over $5,000 on Ethereum. I think there’s a big bull run coming.
According to the macro investor and fund manager, The Federal Reserve A rate cut could have a positive impact on Bitcoin.
When liquidity becomes abundant, which I think the markets are starting to sense that it will become abundant, these liquid assets are activated… And I tell people all the time, look, when interest rates were zero, Bitcoin was at its peak in 2021, around $65,000. Interest rates went up to 5%, they’re still there. And Bitcoin is at the same price right now. When that short rate goes from 5% to 2.5% or 3%, Bitcoin could easily double just at that rate. Forget about all the great innovations, all the innovations that are going on in on-chain and in this space. Forget about all that. If you just look at that one metric, I think there’s a reason for it to be super bullish.
Tapiero, who also assessed the broad economic environment, had the following opinion:
I think we’re going to see bullishness in Bitcoin and Ethereum in the next two, three, four months. To me, those are the core assets of the digital asset ecosystem in general… but I look at this broader backdrop of traditional macro and I think that’s very supportive for core crypto.
How Many Dollars are Bitcoin and Ethereum?
As of the time of writing, when looking at the prices, it is seen that Bitcoin has found buyers at $64,200, which means a 5% increase. In the last 7 days, BTC It was seen that the price increased by 8.49%. This price increase also increased the market volume to over 1.250 trillion dollars again.
BTC’s 24-hour trading volume exceeded $43 billion after an increase of more than 50% after a long period of time.
To Ethereum When looked at, it was seen that the price exceeded $ 2,761 after a 3.33% increase. The 7-day price change was 6.33% positive, while the market volume was over $ 332 billion.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
