Investor Dan Tapiero Predicts Altcoin Season Ahead, Says One Factor Is Not Priced In

Macro and crypto investor Dan Tapiero is predicting that an altcoin rally is in the cards.

Tapiero tells his 133,900 followers on the social media platform X that the altcoin market now has bullish fundamentals that didn’t exist seven years ago.

“Seven years ago, there were no stables, no [decentralized finance] DeFi, no yield, no Solana, no [non-fungible tokens] NFTs, no decentralized exchanges, no real-world assets, no [artificial intelligence] AI, no prediction market, etc. DAE (digital asset ecosystem) growth not priced in.”

A chart of the total altcoin market cap on the weekly time frame also suggests the crypto sector is forming an ascending triangle, a pattern typically considered a bullish signal in technical analysis.

Turning to Bitcoin (BTC) and Ethereum (ETH), Tapiero says the bull market for the two largest crypto assets by market cap has a “lot further to run” based on the lending market size of both centralized and decentralized finance platforms.

“No chance lending doesn’t go multiples over where it was in 2021.

Americanization of Crypto is a driver.

Lending is still in its infancy.

BTC and ETH are legitimate collateral.”

The macro investor also says the percentage of people who hold crypto assets is likely to go higher before the bull market can end. According to a recent survey by Wall Street firm Morgan Stanley, 82% of people did not own cryptocurrencies in 2025.

“This bull market does not end with 82% of those surveyed by Morgan Stanley saying they do not own cryptocurrency.

Tiny long exposure in BTC and ETH vs 2022.

All of these metrics will make new highs in price and ownership during this cycle.

2026 will be a boom year.”