Bitcoin is Mid-Cycle Bull: Analyst Dan Tapiero on Institutional Liquidity and Market Maturity

Source: Cryptonews Original Title: Bitcoin is mid-cycle bull: analyst Original Link: Macro analyst and institutional crypto veteran Dan Tapiero stated Bitcoin remains in the middle stage of its current bull market cycle, according to a recent market update.

Key Arguments

Tapiero argues Bitcoin is in the middle of its bull market, likely to catch up with gold and silver after lagging precious metals despite stronger fundamentals. He cites that BTC’s price relative to gold has remained unchanged since 2021, which is inconsistent with the substantial fundamental developments in the digital asset sector during this period.

The analyst indicated Bitcoin will likely catch up to the significant gains posted by precious metals in recent years. He cited increased maturity, diversification and revenue generation in the cryptocurrency space compared to 2021 levels.

Institutional Legitimacy and Liquidity Drivers

According to Tapiero, the entry of successful private digital asset companies into traditional finance public markets will unlock new liquidity sources. Key legitimacy factors include:

• Listings on the New York Stock Exchange and Nasdaq, which validate accounting standards, record-keeping and governance practices
• Upcoming IPOs from major crypto platforms and four to five other prominent crypto fund companies preparing for public markets
• Increased mergers and acquisitions activity in the sector

The “Americanization of Crypto”

Tapiero emphasized growing political support for cryptocurrency in Washington, D.C., describing what he termed the “Americanization of crypto” as an emerging trend. He noted that U.S. equity market capitalization currently stands 65% higher than Europe and Asia combined, while many European stock markets remain at or below 2008 levels. The Nasdaq has increased more than tenfold since 2008, according to the analyst.

Market Growth Projections

Tapiero projected additional global crypto and blockchain businesses will access U.S. financial markets through special purpose acquisition companies, reverse takeovers and initial public offerings.

The analyst cited substantial stablecoin volume growth, predominantly in U.S. dollars, rising from essentially zero five years ago, along with favorable regulatory conditions for innovation.

The investor estimated five to ten significant crypto and blockchain public companies currently exist, projecting at least 50 additional companies will enter public markets within the next five years.