A number of factors in Bitcoin could increase its price over eight times its current value, even if most of them don’t materialize, according to the CEO of crypto-focused reviews portal Apollo, Thomas Fahrer.
“I mean, Bitcoin is a $1.2 trillion dollar market cap, and gold is $15 trillion. The way I would look at that is to say that it is kind of a very achievable outcome for Bitcoin within the next handful of years,” he says while noting that United States presidential candidate Robert Kennedy Jr. wants to back the U.S. dollar with Bitcoin.While Fahrer doesn’t think Kennedy will win the presidential election, he still believes it’s important that a candidate is pushing the idea to the public.
“There’s been a lot of interest in the ETFs, so that has probably been very beneficial for my account this year. I do think it’s the big story of this cycle and also potentially for crypto outside of Bitcoin as well,” Fahrer says.Even though he’s a passionate Bitcoiner, he doesn’t shy away from highlighting the tough times. Fahrer has his favorite sources for different types of Bitcoin content. If he wants a laugh, he has his favorite guys lined up on his X feed.