Investor and venture capitalist Dan Tapiero says Bitcoin (BTC) rally is turning the corner once again.
Tapiero, citing the recession probability indicators from market analytics firm Bravos Research, says the Federal Reserve is likely to add new liquidity and low interest rates to stimulate the economy.
Investors say the loose financial environment will trigger new Bitcoin rallies.
“The recession given to the Fed has room to cut unlikely interest rates – 400 basis points can be zero if necessary…
However, this indicator is higher than ever, and the recession has not continued.
The growth guaranteed by tighter fiscal years is clear.
The rate needs to be lowered. It requires fluidity.
BTC. ”
Source: Dan Tapiro/Bravos Research/X
According to Tapiero, the stock market has fallen by another 10% before the Federal Reserve cuts its fees “regardless of accidental data.”
In a recent interview with Crypto Personality Scott Melker, Tapiero predicted Bitcoin’s $180,000 price tag.
When Bitcoin can reach a massive price target, Tapiero says
“I know some people were more aggressive, but I think it’s this bull phase. I think we can potentially hit it this year or potentially next year. But this year I’m thinking more about it…
So, that’s just how the market works. You raised the 85% or 90% Bulls at $100,000, and now you’re down, what is it? 15%? And people are disappointed, they think the world is over, but it’s still $80,000, double or triple from 18 months ago. It’s quite incredible. ”
At the time of writing, Bitcoin is worth $82,924.
Generated Image: Midjourney
