Prominent macro investor and asset allocator Dan Tapiero says he believes a staggering $7 trillion is set to pour into Bitcoin and the crypto asset ecosystem at large.
In a new interview on The Wolf of All Streets, Tapiero explains why he is optimistic that the digital asset landscape will balloon in the years ahead.
[adinserter block="1"]“I think that what this really is, is a new asset class, and I think the way that you can think about it is if you think about something like the mortgage-backed market in 1980 or 1982. A nascent market, very early stage, I think it’s still early.”
The co-founder of digital asset equity fund 10T Holdings says that the fund is inspired by the idea that the crypto space will see explosive growth.
“When I founded this fund, the digital asset ecosystem had a $300 billion value. And that is Bitcoin, Ethereum, all the crypto, and all the equity value in the space was about 300, and I said to myself, ‘I think we can do 30x in 10 years.’
So that’s why I called the fund 10T. 10T is 10 trillion [dollars] in 10 years. And what’s happened is that I’ve been wrong, I’m gonna be wrong, because we’re at 3T today and [my prediction was] just two years ago. So we’re probably going to do a lot more than, you know, a 3x 17 more in the next eight years.”
Tapiero also compares crypto with other early-stage markets such as the US treasury bond options in 1979 that saw astronomical growth during the 1980s and 1990s.
“This has been even greater. Bitcoin has gone up 200% annualized for 11 years. It’s the greatest return of any asset in the world. It’s like, people who are doubters, I get the first five or six years, but it’s already proven itself.”
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