Degen

Dan Tapiero, a prominent investor, predicts that Bitcoin (BTC) is poised for a major rally amid a rapid economic slowdown and the possibility of a rate cut by the Federal Reserve.

He stated on Platform X that the resulting surge in liquidity could propel Bitcoin to an all-time high of $180,000.

Tapiero cited worrisome economic data, such as the Richmond Fed’s expected manufacturing employment index, which fell to critical levels. The hedge fund manager also said that worsening economic conditions would likely lead to more money printing, which would devalue the U.S. dollar.

He added that worsening economic conditions and a weaker U.S. dollar would drive investors to Bitcoin as a hedge.