Co-founder of 10T Holdings and Gold Bullion International Dan Tapiero announced the end of the bearish phase of the crypto market and predicted an “explosive” rally. He announced this in an interview with Cointelegraph.
“We will likely see new highs in the second half of 2024 and 2025. And I think that in this bullish phase, the total capitalization of the crypto market will reach $6-8 trillion,” the expert added.
Tapiero also shared some market strategies. The businessman explained that the most important thing is to avoid being influenced by the feelings and fears of other people. In his opinion, many industry segments do not correlate with each other, so you should be patient with open positions.
He emphasized that in 2022, stablecoin trading volume reached $8 trillion and more than 1 trillion NFTs were issued, and blockchain games began to gain popularity. At the same time, not so long ago, these figures were almost zero, said Tapiero.
“Five or six years ago, nothing existed. You didn’t even have Ethereum. There was only bitcoin. Thus, as the crypto industry expands, the value of digital assets also increases,” he explained.
The entrepreneur believes that cryptocurrencies are a market similar to other assets, bonds and stocks. The most important skill to work in it, Tapiero called the ability to “discard emotions and make rational judgments that are not influenced by news or people’s fears.”
Recall that in May, the head of Binance, Changpeng Zhao, saw signs of a bull market due to a report on digital assets on Chinese television. He noted that this event caused a real stir in the country, which will positively affect the industry.
In the same month, writer and academic Nassim Taleb argued that bitcoin’s price movements during periods of financial turmoil in the US did not confirm its role as a financial insurance.
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