Bitcoin Could See A market Cap Of $10 Trillion

It’s been just revealed that Bitcoin could see a market cap of ten trillion dollars, and this is not a too far-fetched prediciton. Check out the latest reports about the price of Bitcoin below.

It’s been just revealed the fact that the macro guru and fund manager Dan Tapiero is expressing bullish sentiment on Bitcoin (BTC) with a prediction that the market cap of the flagship crypto asset could hit 14 figures.

In a new interview with Anthony Pompliano, Tapiero made sure to explain the fact that he sees the market cap of Bitcoin reaching up to $10 trillion from just under $600 billion currently.

“Somewhere between $5 – $8 trillion. Do I think it could go to $10 trillion? Sure, absolutely. It absolutely can go to $10 trillion.”

He also stated the fact that Bitcoin is likely to hit a price of up to half a million dollars under the current global economic circumstances.

“I’ve been saying the same thing for a while, and I think $300,000 to $500,000 is a good solid place you know given the value of other assets sort in the world.”

As noted by the online pubcalition the Daily Hodl, regarding the combined value of all crypto assets, Tapiero says the total market cap will soar by over 600% from the current levels.

“My original thought was the space was going to go to $10 trillion in value. That’s from $300 billion, it was a 30x in 10 years.”

He continued and stated this:

“I think that’s going to be wrong now. I think the space is probably going to go much higher than $10 trillion because it’s starting to encompass everything, right?”

Accoridng to the latest reports, the popular crypto strategist Benjamin Cowen says that Bitcoin (BTC) is acting as a leading indicator for the rest of the crypto market as its dominance level inches up.

He said that the prices of altcoins fluctuate depending on the movement of Bitcoin.

“We’ve seen it play out time and time again where Bitcoin/US dollar [pair] rallies for a while, the rest of the market can rally a little bit beyond it. But if Bitcoin starts to go back the other direction, it’s going to pull everything back down with it.”