12-5-2025 – The cryptocurrency market’s next significant upturn might hinge more on traditional central banking decisions than blockchain innovations, according to prominent macro strategist Dan Tapiero.
Speaking on the Milk Road podcast, Tapiero outlined how the American central bank’s cautious stance might be inadvertently constraining digital asset growth. Whilst the cryptocurrency ecosystem continues its technological evolution, he maintains that traditional financial liquidity remains a crucial catalyst for market momentum.
The strategist highlighted a notable policy divergence: as government spending contracts markedly, the Federal Reserve has yet to implement the customary monetary loosening that typically counterbalances such fiscal restraint. This dynamic, coupled with softening consumer appetite and a declining dollar, suggests current monetary conditions might be excessively restrictive.
The digital asset space shows robust fundamentals, with decentralised finance gaining traction and renewed vigour in the non-fungible token sector. However, Tapiero emphasises that even a flourishing blockchain landscape cannot entirely escape the gravitational pull of broader financial flows.
“The Federal Reserve ought to be steering in the opposite direction to offset the squeeze from reduced government expenditure,” Tapiero suggested, noting that Chairman Powell’s reluctance has postponed this anticipated pivot.
Should monetary easing materialise as forecasted, Tapiero envisions Bitcoin potentially achieving his ambitious $180,000 price target. He contends that the confluence of favourable macroeconomic shifts and accelerating blockchain innovation could catalyse a comprehensive bull market extending well beyond Bitcoin.
His core argument challenges the notion of complete separation between conventional and digital finance. In Tapiero’s assessment, as long as monetary policy remains the primary architect of global capital flows, cryptocurrency market surges may continue to be fundamentally linked to central bank decision-making.
