According to a recent market analysis, Dan Tapiero, a macro analyst and seasoned professional in the cryptocurrency sector, believes that Bitcoin is currently navigating through the mid-phase of its bullish market cycle.
Tapiero posits that Bitcoin is on track to align itself with the impressive gains seen in gold and silver. He notes that despite having robust fundamentals, Bitcoin has been trailing behind these precious metals. Key developments such as listings on major exchanges like NYSE and Nasdaq, anticipated IPOs from Kraken, crypto fund launches, and mergers & acquisitions are pivotal for enhancing the legitimacy of this sector while unlocking new streams of institutional liquidity.
The analyst underscores significant trends including the U.S.-led “Americanization of crypto,” rapid expansion in stablecoin adoption, along with optimistic forecasts for Bitcoin alongside gold and silver as catalysts for a burgeoning U.S.-focused cryptocurrency capital market.
Tapiero anticipates that by 2024, Bitcoin (BTC) will likely catch up to the remarkable performance exhibited by precious metals. He points out that BTC’s price relative to gold has remained stagnant since 2021 even though there have been considerable advancements within the digital asset landscape during this period.
The bull market in bitcoin/blockchain/digital assets is still at its mid-point.
The price stability against gold since 2021 does not reflect numerous positive fundamental changes within the digital asset ecosystem during this time.
While short-term interest rates were lower back in ’21…
— Dan Tapiero (@DTAPCAP) December 23, 2025
Bitcoin Analyst Dan Tapiero Describes BTC as ‘Mid-Cycle’ Bull
The expert pointed out an increase in maturity levels within cryptocurrencies along with diversification and revenue generation compared to figures from 2021. Tapiero believes that successful private digital asset firms entering traditional financial public markets will create new opportunities for liquidity.
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He emphasized how listings on platforms like NYSE and Nasdaq lend credibility to cryptocurrencies by affirming accounting standards as well as governance practices. The impending initial public offering from Kraken alongside several other notable crypto funds gearing up for public entry signifies increasing activity within mergers & acquisitions.
The investor highlighted growing political backing for cryptocurrencies emerging from Washington D.C., coining it “the Americanization of crypto.” He noted that current U.S. equity market capitalization exceeds Europe’s combined total by about 65%, while many European stock markets linger at or below their pre-2008 levels; conversely, Nasdaq has surged more than tenfold since then according to his observations.
Looking ahead further into global cryptocurrency ventures accessing U.S financial markets via special purpose acquisition companies (SPACs), reverse takeovers or IPOs seems promising according to him. He cited significant growth in stablecoin volumes primarily denominated in U.S dollars which have risen dramatically from virtually nothing five years ago amid favorable regulatory conditions fostering innovation.
Tapiero estimates there are currently five to ten notable publicly traded companies focused on crypto/blockchain technology but foresees at least fifty more entering public markets over the next five years based on prevailing trends observed today.
Although he shared projections regarding prices related specifically towards silver,gold,and bitcoin ,exact target numbers were not disclosed within available information sources .
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