Renowned macro investor and 10T Holdings CEO Dan Tapiero is bullish on Bitcoin, predicting a significant surge if it surpasses the $65,000 threshold. This could catapult the cryptocurrency to $90,000, a 45% increase. Tapiero's analysis is based on a technical formation known as a bull flag, indicating a substantial upward breakout.

Tapiero believes Bitcoin is nearing the end of its consolidation phase, paving the way for a remarkable upward move. Although the catalyst for this fluctuation is uncertain, Tapiero remains optimistic, citing the Federal Reserve's likely interest rate cut due to weaknesses in the commercial real estate sector.

This rate cut could boost Bitcoin and other digital assets like Ethereum, as well as traditional assets like gold.The cryptocurrency market is entering a "hyper growth phase," with on-chain activities and cryptocurrencies growing faster than traditional financial assets.

This shift is attracting more investors seeking higher returns, which could further propel Bitcoin's price. Despite a short-term dip, Tapiero's long-term outlook remains extremely optimistic, predicting a substantial leap towards $90,000 and beyond.