10T Holdings CEO: Bitcoin Could Easily Reach $200,000 Amid ETFs and Halving

Bitcoin could easily rise to $200,000 with increased demand for bitcoin from ETFs and the upcoming halving supply shock, 10T Holdings CEO Dan Tapiero said in an interview at the Digital Asset Summit in London.

That would be around three times the current price, roughly equivalent to the percentage difference between the 2017 and 2021 peaks, Tapiero explained. He added that Bitcoin rose about 20 times from the bear market lows to the 2021 peak, meaning it could rise to the $300,000 mark if the previous cycle is repeated. It's hard to make definitive statements about these things, and the timing is difficult," he said. I think in general we're going to get there in the next 18 to 24 months, and probably sooner".

As for ethereum, Tapiero believes there will likely be ethereum spot ETFs as the underlying assets have been built up and reach network effect , though he's not sure when those plans will be approved.