Aug 22, 2024
Dan Tapiero, founder of 1RoundTable Partners and 10T Holdings, explains why he thinks bitcoin's price could double once the interest rate drops back down to 2.5% or 3%. This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.
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Video transcriptWhen the interest rate, the uh was zero. Bitcoin was around 65,000. The peak in 21 rates went to 5%. They're still there. And Bitcoin is now at the same price when that short rate goes from five down to 2.5 or three. A Bitcoin should easily double just on that. Forget about all of the myriad wonderful developments going on on chain and in this space, all the innovation, forget about all of that. If you just look at that one measure, uh I think there's cause for being super bullish right here.
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