Bitcoin Has Bottomed, Analyst Says: 'We're Not Going Back to Those Lows'

Macro investor Dan Tapiero told The Wolf of All Streets podcast on Friday that Bitcoin (CRYPTO: BTC) has already bottomed and the low will not be revisited.

What Tapiero Said About the Bottom

Tapiero said the real catalyst behind Bitcoin’s bottom was not the Treasury’s bond buyback program but the coordinated U.S.-Japan intervention in the dollar-yen exchange rate. 

The pair started moving at around 162 to 163, and Tapiero sees another 10% of downside still ahead for dollar-yen, which historically moves inversely with gold and Bitcoin. 

“I don’t think we’re going back to those lows,” he said. “We may have a correction, but that low is a good low in Bitcoin, ETH (CRYPTO: ETH), and Solana (CRYPTO: SOL),” he added.

He pointed to a convergence of catalysts that raised the floor, all arriving on the same day:

• Treasury intervention — bond buyback program signaling dollar weakness
• Trump’s public support for Hyperliquid Strategies (NASDAQ:PURR)
• SEC and CFTC both sending supportive regulatory signals simultaneously

His view is that Bitcoin has shifted from a $60,000 to $70,000 range into a $70,000 to $80,000 range as the new base.

Where Tapiero Is Putting Money to Work

Tapiero noted that through his 10T fund he focuses on growth-stage companies across the digital asset ecosystem rather than tokens directly.