Bitcoin's Bull Cycle Predicted to Reach $180,000 Amid Potential Corrections

According to Cointelegraph, macro investor Dan Tapiero maintains his belief that Bitcoin (BTC) is poised to hit $180,000 during its ongoing bull cycle, although he cautions that a significant correction could occur once the rally reaches its peak. Despite recent risk-off sentiment and substantial selling by long-term "OG whales," Tapiero asserts that the bull market remains robust. He emphasized the positive macroeconomic backdrop in an interview with Cointelegraph. Tapiero argues that the recent all-time high did not adequately capture the "fundamental improvements" within Bitcoin's ecosystem or the increasingly favorable macro environment for digital assets. He highlights the growth of stablecoins, institutional adoption, and clearer regulatory frameworks as indicators of the space's maturation. However, Tapiero warns that Bitcoin's boom-and-bust cycle is still ongoing, suggesting that even in a more liquid and developed market, significant corrections are a natural occurrence. He explained that market dynamics do not operate in a linear fashion, recalling the 90% declines of Bitcoin and Ethereum in 2018. While he does not predict a similar drop, he suggests that a 70% correction is possible. Despite this, Tapiero's long-term perspective remains optimistic. He believes that with a 10-year outlook, Bitcoin should reach a minimum of $1 million over the next decade. For more insights into Tapiero's views on the extended bull market and strategies for identifying the next bear phase, the full interview is available on Cointelegraph's YouTube channel.