Bitcoin

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Global investor Dan Tapiero recently <a href="https://twitter.com/DTAPCAP/status/1777139680599027872?ref_src=twsrc%5Etfw" target="_blank" rel="noopener nofollow">shared</a> his optimistic outlook for Bitcoin (BTC), suggesting that the leading cryptocurrency soars above the $200,000 mark might be on the horizon. 
Tapiero, known for his investment insights and co-founding roles in Gold Bullion International and 10T Holdings, took to X to express this <a href="https://www.newsbtc.com/altcoin/altcoin-boom-analyst-projects-10k-investment-could-rocket-to-1m-by-2025-with-these-5-picks/" target="_blank" rel="noopener ">bullish sentiment</a>. 
<h2 id="catalyst-that-could-drive-bitcoin-to-200-000">Catalyst That Could Drive Bitcoin To $200,000</h2> 
According to Tapiero, a significant macroeconomic factor is expected to drive Bitcoin’s price to new heights, offering investors an opportunity for substantial gains. Tapiero’s bullish stance on Bitcoin’s future price trajectory revolves around a unique correlation he observed in the market. 
Particularly, the expert highlighted concerns about “monetary debasement” driven by a notable 60% increase in the Treasury market over the past five years. 
This factor leads Tapiero to anticipate a surge beyond $200,000 for the digital gold, Bitcoin. While acknowledging the potential for gold to perform well in such a scenario, Tapiero remains particularly bullish on Bitcoin’s prospects. 
<blockquote class="twitter-tweet"> 
 Most remarkable macro correlation break I’ve seen in some time. 
 Suggests extreme concern about monetary debasement driven by 60% Treasury mkt increase past 5yrs. 
 Theme not yet widely subscribed. 
 Bullish <a href="https://twitter.com/hashtag/GOLD?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener nofollow">#GOLD</a> and more so when rates drop. 
 Vaults <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener nofollow">#Bitcoin</a>    to 200k+ <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/muI1CNtN0h" target="_blank" rel="noopener nofollow">pic.twitter.com/muI1CNtN0h</a> 
 — Dan Tapiero (@DTAPCAP) <a href="https://twitter.com/DTAPCAP/status/1777139680599027872?ref_src=twsrc%5Etfw" target="_blank" rel="noopener nofollow">April 8, 2024</a>
</blockquote> 
<h2 id="bitcoin-s-recent-performance-and-analyst-insights">Bitcoin’s Recent Performance And Analyst Insights</h2> 
In the past 24 hours, Bitcoin has exhibited <a href="https://www.newsbtc.com/bitcoin-news/bitcoin-bulls-roar-analysts-predict-surge-amid-bullish/" target="_blank" rel="noopener ">bullish momentum</a>, surpassing and reclaiming the $71,000 price level. With a 2.6% increase over the week and a 3.1% surge in the last 24 hours, Bitcoin’s <a href="https://www.newsbtc.com/bitcoin-news/bitcoin-expert-signals-key-catalyst-that-could-revive-btc-rally/" target="_blank" rel="noopener ">upward trajectory</a> continues to attract attention from investors and analysts alike. 
<img loading="lazy" decoding="async" class="size-medium" src="https://www.tradingview.com/x/5zG08Fra/" alt="Bitcoin (BTC) price chart on TradingView" width="2770" height="1496"> 
Notably,&nbsp;the current price performance of the asset coincides with a notable event: over 600 BTC of $100,000 strike call options have recently been traded in a Block trade. This significant development, as illuminated by Greek Live, carries a notional value of up to $45 million, with $8.5 million worth of premiums alone. 
Greeks Live further reported that this occurrence has propelled the entire market into a prolonged bullish momentum. In addition, with the halving event on the horizon, the prospect of reaching new all-time highs, including the milestone of $100,000, appears to be within reach. 
<blockquote class="twitter-tweet"> 
 Bitcoin broke through the $70,000 zone without warning, one step away from a new all-time high. The rapid rise has driven all major term IVs up significantly, with BTC Dvol now over 78%, and market sentiment has quickly reversed to a long atmosphere. More than 600 BTC of $100,000… <a href="https://t.co/JY9QXyzGMi" target="_blank" rel="noopener nofollow">pic.twitter.com/JY9QXyzGMi</a> 
 — Greeks.live (@GreeksLive) <a href="https://twitter.com/GreeksLive/status/1777342245471236210?ref_src=twsrc%5Etfw" target="_blank" rel="noopener nofollow">April 8, 2024</a>
</blockquote> 
Echoing Tapiero’s optimism, analyst Michael Van De Poppe has also recently emphasized Bitcoin’s potential for unprecedented growth. 
According to Van De Poppe, despite <a href="https://www.newsbtc.com/bitcoin-news/bitcoin-recovery-rally-breaking-through-this-level/" target="_blank" rel="noopener ">encountering resistance</a>, Bitcoin’s ability to break through key levels could pave the way for a surge towards new all-time highs, with projections <a href="https://www.newsbtc.com/news/bitcoin/bitcoin-touch-300000-analyst/" target="_blank" rel="noopener ">reaching as high as $300,000 in the current bull run</a>. 
Featured image from Unsplash, Chart from TradingView

Beyond Halving: Expert Predicts Bitcoin To Soar Above $200,000 With Surprising Catalyst

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