Macroeconomic Investment Expert Dan Tapiero: Fully Committed to the Encryption Field, Optimistic about the Future Value of Bitcoin

Dan Tapiero is the founder of 50T and One Roundt Partners, managing over 1.5 billion dollars in the Web3 and digital asset space. This global macro investment veteran has now bet his entire fortune on the trillion-dollar future of cryptocurrency.

Tapiero worked on Wall Street for 25 years and collaborated with several legendary figures in the investment world. He learned the importance of maintaining a relaxed mindset in a stressful environment from Steve Cohen. Stan Druckenmiller encouraged him to translate macro ideas into real businesses, and the two jointly invested in the largest private farmland REIT project in the United States, yielding substantial returns. Julian Robertson helped Tapiero build his initial macro analysis framework and emphasized the importance of clearly expressing investment viewpoints.

Tapiero first encountered Bitcoin in 2012, but it wasn't until 2018 that he truly decided to fully commit to the encryption field. He believes that the future market size of cryptocurrency will reach one trillion dollars, and this belief supports his status as an "all-in gambler" in the industry. He sees Bitcoin not just as an asset, but also as a network, a value system, and a technological revolution.

Regarding the future price of Bitcoin, Tapiero predicts it could reach 1 million dollars within ten years. He believes the value of the entire encryption ecosystem will grow from the current approximately 5 trillion dollars to 50 trillion dollars, with Bitcoin accounting for a market cap of 20 trillion dollars.

When it comes to risk management, Tapiero emphasizes never putting oneself in a position from which there is no turning back. His fund follows the principle of not investing more than 15% in a single investment and builds portfolios that can withstand market declines of 80% or even 90%. Regarding Bitcoin, he believes there is no need to sell, but for other assets, he suggests selling the moment one feels they are getting rich.

Tapiero believes that the encryption field is more complex and volatile than traditional finance. He suggests that non-professional investors adopt a "buy and forget" strategy, storing their encryption assets in hardware wallets for long-term holding. He points out that many young investors find it difficult to withstand the high pressure and volatility of the market.

In personal investments, Tapiero revealed that over 50% of his asset allocation is related to encryption, including fund shares, Bitcoin, and Ethereum. He believes this is a decade-long cycle and will not sell easily due to short-term gains.

Regarding NFTs and traditional artworks, Tapiero believes that NFTs are more like a part of the creator economy, but the market still needs time to filter out quality projects. He successfully convinced his alma mater's high school to invest 1% of the school fund into cryptocurrency, which has now yielded over 12 times the return.

Tapiero believes that we are in a period of "redistribution of digital economic sovereignty." He believes that as encryption technology develops and becomes more widespread, this field will gradually integrate into daily life. He compares the period after 2020 to the golden age of internet investment in 2000 and has bet his entire fortune on this emerging field.