From TradFi to digital asset: Investment master Dan Tapiero's Crypto Assets journey

Dan Tapiero is the founder of 50T and One Roundt Partners, a global macro investment expert managing over $1.5 billion in the Web3 and digital asset space. He transitioned from TradFi to Crypto Assets and is optimistic about the future of this emerging industry.

Tapiero worked on Wall Street for 25 years and collaborated with several legendary figures in the investment world. From Steve Cohen, he learned to maintain a relaxed mindset in high-pressure environments; Stan Druckenmiller taught him to translate macro ideas into practical applications; and Julian Robertson helped him build a macro analysis framework, emphasizing the importance of writing skills in investing.

Although Tapiero was exposed to Bitcoin as early as 2012, it wasn't until 2018 that he decided to fully commit to the encryption space. He believes that crypto assets represent a potential trillion-dollar market, which has driven him to become a staunch supporter of the industry. Tapiero believes that Bitcoin is not just an asset, but a revolutionary decentralized network and value system.

Tapiero is optimistic about the future of Bitcoin. He predicts that over the next decade, the entire Crypto Assets ecosystem will grow from its current value of approximately $5 trillion to $50 trillion, with Bitcoin accounting for $20 trillion, which means each Bitcoin could potentially reach $1 million.

As an experienced investor, Tapiero emphasizes the importance of risk management. His principle is to never put oneself in a position where recovery is impossible. In the funds he manages, no single investment exceeds 15% of the total amount, and the overall structure can withstand market declines of 80% or even 90%.

For young investors, Tapiero recommends adopting a "buy and forget" strategy. He believes that the crypto market is more complex and volatile than TradFi, requiring a stronger ability to withstand pressure.

In personal investment, Tapiero allocates over 50% of his assets to crypto-related fields, including fund shares, Bitcoin, and Ethereum. He believes this is a ten-year major cycle and will not easily sell due to short-term price increases.

Tapiero has also successfully persuaded some traditional institutional investors to invest in Crypto Assets. For example, he convinced his alma mater high school to invest 1% of their fund into Crypto Assets, which has now yielded over 12 times the return. More and more pension and educational funds are also beginning to pay attention to this field.

Looking to the future, Tapiero believes we are in a period of "digital economy sovereignty" redistribution. The traditional financial system is gradually losing trust, while emerging forms such as Bitcoin, stablecoins, and DAOs are beginning to redefine the way value is organized and resources are allocated.

Tapiero compares the period after 2020 to the golden age of internet investment in 2000, believing that now is a capital boom in the world of Crypto Assets, and he has bet his entire fortune on it.