Bitcoin to $200,000? Investor Dan Tapiero Says One Catalyst Could Send Bitcoin Flying if US Economy Slows Hard

Macro investor and fund manager Dan Tapiero believes Bitcoin (BTC) could turn bullish amid a potential change in US monetary policy.In a new thread on the social media platform X, Tapiero says the uncertainty caused by tariffs is having a “growth-dampening impact” on both the US and China.According to the macro investor, the Federal Reserve could consequently be forced to cut rates, just like China’s central bank already has, catapulting Bitcoin to a rally of over 2x from the current level.“If US slows hard, could Fed get to 1.4% -250bps (basis points) from here?Imagine how high Bitcoin would [go] in that scenario.$200,000+”Bitcoin is trading at $97,095 at time of writing.Earlier this week, the central bank of the world’s second-largest economy, the People’s Bank of China (PBOC), announced it would reduce its policy rate it charges commercial banks for short-term loans by 10 basis points from 1.5% to 1.4%.The PBOC also announced it will lower the reserve requirement ratio, or the amount of cash that commercial banks must hold in reserves, by 50 basis points, per CNBC. Lowering the reserve requirement ratio is expected to release additional liquidity amounting to around one trillion yuan, approximately $138.5 billion, to the market.Earlier this month, Tapiero said consumer expectations on the US economy have fallen to levels last witnessed during the Global Financial Crisis in March of 2009. The corrective measures that could be taken, argued Tapiero, would impact Bitcoin positively.“This is extreme data. Much lower rates and US dollar needed to offset fiscal austerity. Fiat debasement equals +BTC.”Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price ActionSurf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.Generated Image: MidjourneyThe post Bitcoin to $200,000? Investor Dan Tapiero Says One Catalyst Could Send Bitcoin Flying if US Economy Slows Hard appeared first on The Daily Hodl.