Roberto Ruarte, 62, has 40 years of experience in financial markets, including managing Eduardo Costantini’s portfolio at age 23 and making tens of millions of dollars betting on the Japanese stock market in 1990.
By his own admission, this Argentine trader and investor is not an expert in Bitcoin (BTC) and cryptocurrencies. but, You can see this by looking at the Bitcoin chart Something familiar: According to their analysis, the structure of this wave shows an explosive rise.
“If Bitcoin goes above $80,000, Bitcoin will go above $126,000, then $300,000, $400,000 or even $500,000,” Ruarte said in an interview with Nicolas Rosso published on the YouTube channel “El Mitico” on April 10, 2026. When asked how long the driver envisioned this move, the answer was emphatic: “Within a year.”
Mr. Ruarte applies Elliott wave theory to decipher the movement of Bitcoin. It is a method of technical analysis that identifies recurring fractal patterns in prices that represent natural fluctuations in collective psychology between optimism and pessimism.
From that perspective, the $80,000 per Bitcoin level is not an arbitrary number, but rather a dividing line between two fundamentally different scenarios, according to Luarte’s vision.
“How long has Bitcoin been fluctuating between $60,000 and $70,000? Time is favoring the bullish trend. If Bitcoin doesn’t fall in the next two weeks, it looks like it will drop below $80,000. It has fallen in three waves, but three waves means a correction. For me, the 80,000 (trend change).And from there, in my case, it becomes 300,000 and 500,000.
Roberto Luarte, Argentine investor.
Unless prices rise above that threshold, Luarte prefers to wait. Not because he has doubts about the final destination, but because he is an investor. momentum: We prefer to confirm the address before making a final prediction. “Typically, we expect there to be momentum in the market,” he said. “Sometimes you catch a falling knife. I’ve had that experience, too, and you have to have the pockets of a clown to endure it.”
According to Mr. Ruarte’s vision, the market will rise in the future – if the number of people exceeds 80,000. Could be Bitcoin’s last big rally before historic correction. His arguments are technical and “Eliotist”. “Bitcoin has never made a big wave, and people’s big doubt is that one day there will be a big wave.
In Elliott’s terminology, “Big Wave 2” means a deep and long-term adjustment. Luarte identifies three relevant historical supports: $50,000, $16,000, and $3,000. Only after that major correction will Bitcoin likely be “possible” towards $1 million.
Bitcoin pending test
Luarte is full of praise when talking about Bitcoin’s history. “There is no question that Bitcoin is the most successful asset in history, and the Tulip Bubble is unmatched.
However, he maintains important conceptual reservations that he elaborated in an interview with Nicolas Rosso. Luarte believes so. Bitcoin has a pending test: Surviving a massive systemic crisis. “The company is going through an interesting bear market and we need to see if it can survive in that sense,” he added.
He also suggests that Scarcity is necessary but not sufficient to guarantee the value of an asset. “Scarcity is obviously an absolute prerequisite for something to be valuable, but the most important thing is whether the product is accepted and people begin to accept it,” he explains.
At that point, he knows the recruitment is on. From El Salvador to ETFs (he himself buys IBIT, an ETF issued by BlackRock, for exposure), the ecosystem is consolidating.
Bitcoin is not the only asset that Luarte predicts will see an abnormal rise in the future. Gold, to which he has devoted much of his career, also occupies a central place in his thesis.
“For me, gold is going to be $22,000 an ounce in the next three to five years,” he said. Importantly, when you calculate the gold that backs all current currency issuance in dollars, the implied price per ounce is exactly that.
Silver is also on their radar, with targets based on the historical relationship between the two metals. Since the Bretton Woods Treaty, 16 ounces of silver was equivalent to 1 ounce of gold. If gold reaches $22,000, he argues, silver should rise to levels of $1,275 or $1,375 per ounce.
Ruarte sees gold and Bitcoin as complementary assets. However, we acknowledge Bitcoin’s substantial advantages in terms of portability and transfer.
“For me, Bitcoin can actually go up, so in that sense I should switch from gold to Bitcoin,” he admitted. “It’s crazy to say gold goes up to $22,000, but we’re talking about a 400% increase. And if you’re familiar with Bitcoin, you’ve seen the value of Bitcoin go up 10x, 20x, 30x, 50x.
(Tag translation) Bitcoin (BTC)
