In a recent episode of the podcast "The Wolf of All Streets," Scott Melker spoke with Dan Tapiero, the founder of 1Roundtable Partners and 10T Holdings, about the future of cryptocurrencies. Tapiero shared an optimistic forecast for the crypto market, speculating that it could one day be worth hundreds of trillions of dollars. He expects Bitcoin to possibly reach $150,000 within the next 18 months.
In a recent episode of the podcast "The Wolf of All Streets," Scott Melker spoke with Dan Tapiero, the founder of 1Roundtable Partners (1RT) and 10T Holdings (10T), about the future of cryptocurrencies. Tapiero shared an optimistic forecast for the crypto market, speculating that it could one day be worth hundreds of trillions of dollars.
Initially, Tapiero estimated that the crypto market could reach a total market capitalization of $10 trillion. However, given the rapid developments and growth, he revised his estimate upward. He now believes $30 trillion, $70 trillion, or even $100 trillion is possible. In the short term, he sees a realistic chance for the market to surpass the $10 trillion mark in the next 18 to 24 months.
Regulatory Challenges and Institutional Interest
Despite the current volatility in crypto prices, Tapiero remains optimistic. He emphasizes the strength of the ecosystem and the positive performance of many companies in his portfolio. He views market fluctuations as part of the normal correction process.
Another key topic of discussion was the regulatory challenges, particularly in the United States. Tapiero pointed to positive changes over the past year, such as favorable court rulings and the entry of major financial institutions into the crypto space. The approval of spot Bitcoin ETFs and potential spot Solana ETFs are seen as significant milestones.
Tapiero also acknowledged the role of meme coins in attracting younger investors. He compared the hype around meme coins to the excitement of buying lottery tickets. While many participants may not achieve significant gains, he sees the engagement and enthusiasm as positive for the entire ecosystem.
Innovations and Infrastructure
The discussion also covered continuous innovation in the crypto space. Tapiero noted the emergence of Bitcoin ordinal numbers and the growth of decentralized finance (DeFi). He predicted a significant increase in crypto prices in the fourth quarter of the year, driven by new information and increased institutional interest. Tapiero expects Bitcoin to possibly reach $150,000 within the next 18 months.
Tapiero emphasized the importance of investing in the infrastructure that supports the crypto ecosystem. His funds focus on companies like QuickNode and Figment, which provide essential services and tools and have shown substantial growth and high profitability. He believes that investing in these "picks and shovels" of the crypto industry is a more stable and profitable approach.
Another topic of discussion was the future of stablecoins and the tokenization of real-world assets (RWAs). Tapiero believes that all valuable assets will ultimately be stored on a blockchain. This could lead to a future where assets are fungible and transactions are settled instantly. He envisions a world where stablecoins could make up a significant portion of the total money supply, possibly 10%, which with a growing money supply could amount to about $8 trillion or more.
Finally, Michael Saylor's efforts to promote the adoption of Bitcoin in companies were discussed. However, Tapiero remains skeptical that many companies will incorporate Bitcoin into their balance sheets. He sees the real drivers of adoption as institutional investors and asset managers who understand the value and potential of cryptocurrencies.
Tapiero compared the dynamics of the crypto market to historical market cycles, emphasizing that corrections after periods of high growth are normal and healthy. The overall market could see substantial growth, driven by ongoing innovation and institutional acceptance.
