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Dan Tapiero Says Bitcoin Bull Run Is Mid-Cycle, Linking Outlook to U.S. Listings and Kraken IPO

He frames a U.S.-led 'Americanization of crypto' as the pathway for fresh institutional liquidity through public listings.

Overview

  • Tapiero argues Bitcoin remains in the middle of its current bull market rather than nearing a final phase.
  • He issues price targets of $180,000 for BTC, $5,500 per ounce for gold, and $85 per ounce for silver, presented as his forecasts.
  • He cites NYSE and Nasdaq listings plus an anticipated Kraken IPO as catalysts that could legitimize the sector and open institutional capital.
  • He points to rising M&A alongside SPAC and reverse takeover routes, projecting at least 50 more crypto firms going public within five years from an estimated 5–10 today.
  • He contends U.S. leadership will deepen due to political support and large stablecoin flows he estimates at about $25 trillion this year, and he expects BTC to catch up after lagging gold since 2021.