Bitcoin to $200,000? Investor Dan Tapiero Says One Catalyst Could Send Bitcoin Flying if US Economy Slows Hard
The macro investor and fund manager, Dan TAPIERO, believes that Bitcoin (BTC) could become optimistic in the midst of a potential change in American monetary policy.
In a new thread on the social media platform X, tapest said The uncertainty caused by prices has a “disgusting impact” on the United States and China.
According to the macro-investor, the federal reserve could therefore be forced to reduce rates, just as the Chinese central bank has already done, catapulting bitcoin to a gathering of more than 2x from the current level.
“If we slow down hard, could Fed reach 1.4% -250 SB (base points) from here?”
Imagine how high Bitcoin would be [go] in this scenario.
$ 200,000 + ”
Bitcoin is traded at $ 97,095 at the time of the editorial staff.
Earlier this week, the central bank of the second world economy, the Banque Populaire de China (PBOC), announced that it would reduce its policy rate which it would charge for commercial banks for short -term loans of 10 base points from 1.5% to 1.4%.
The PBOC has also announced that it would lower the ratio of reserve needs, or the amount of money that commercial banks must hold in reserves, by 50 basis points, by CNBC. The drop in the reserve requirement rate should release additional liquidity amounting to approximately one yuan billion, or about $ 138.5 billion on the market.
Earlier this month, Tapiero said that consumer expectations on the US economy have fallen at levels for the last time during the global financial crisis in March 2009. The corrective measures that could be taken, supported Tapiero, would have a positive impact on Bitcoin.
“These are extreme data. Much lower rates and an American dollar necessary to compensate for budgetary austerity. Fiat discharge is equal to + BTC. “
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