Macro Investor Dan Tapiero: Fully Betting on encryption, Bitcoin is Expected to Reach 1 Million Dollars

Dan Tapiero is the founder of 50T and One Roundt Partners. As a global macro investment expert who has managed over $1.5 billion in Web3 and digital assets, he has now invested his entire fortune in the future development of cryptocurrency. In a recent interview, Dan shared his survival strategies in this emerging field, risk management philosophy, and unique insights into industry development.

Dan worked on Wall Street for 25 years and has collaborated with several legendary figures in the investment world. He learned the importance of maintaining a relaxed mindset in a high-pressure environment from Steve Cohen, as well as the keen insight into market details. Stan Druckenmiller inspired his confidence in translating macro ideas into actual business. Julian Robertson helped him build the initial macro analysis framework and emphasized the importance of clearly expressing investment views.

Although Dan was exposed to Bitcoin as early as 2012, he truly decided to fully invest during the market downturn in 2018. He believes that encryption currencies will become a huge market worth trillions of dollars in the future, and this belief supports him in becoming a staunch advocate for the industry.

Dan predicts that Bitcoin could reach $1 million within the next ten years. He believes that the total value of the entire encryption ecosystem will grow from the current approximately $5 trillion to $50 trillion, with Bitcoin accounting for $20 trillion of that share.

In terms of risk management, Dan emphasizes never putting yourself in a position where you can't recover. His investment strategy is to limit individual investments to no more than 15% and to build a portfolio that can withstand 80% or even 90% of market declines. For ordinary investors, especially young people, Dan suggests adopting a "buy and forget" long-term holding strategy rather than frequent trading.

Currently, Dan has invested in 23 encryption companies through the funds he manages, and encryption-related assets account for over 50% of his personal asset allocation. He believes this is a long-term cycle lasting a decade and will not easily sell due to short-term gains.

For the NFT market, Dan believes it is part of the creator economy, but there are still many issues that need to be addressed. In promoting traditional institutions to invest in cryptocurrency, Dan has achieved some success, including persuading his alma mater to allocate part of its funds into crypto assets, which has now yielded considerable returns.

Dan believes that we are in a period of "digital economic sovereignty" redistribution, where the traditional financial system is gradually losing trust, and people are beginning to redefine value through new types of digital assets and organizational methods. He compares the period after 2020 to the golden age of internet investment in 2000, firmly believing that this is a capital boom in the world of encryption.