Digital Assets and Their Rapid Adoption
In a recent discussion with Coin Bureau host Guy Turner, veteran macro investor Dan Tapiero highlighted the rapid adoption of digital assets and its potential for further expansion. Tapiero, the Managing Partner and CEO at 10T Holdings, a growth equity fund focused on investing in mid-to-late-stage digital asset ecosystem (DAE) companies, emphasized the significant growth the crypto industry has experienced over the past four years.
Tapiero’s Crypto Fund and Market Growth
Tapiero mentioned that when he conceptualized his crypto fund in mid-2019, the entire cryptocurrency market was valued at $300 billion. This value includes both cryptocurrency and equity values within the crypto space. Over the past 18 months, this value surged to $3.2 trillion before settling at $1.7 trillion currently. Despite the market’s decline from its peak, it has still grown fivefold over the last four years, with an approximate annual growth rate of 100%.
The Potential of Asset Tokenization
Tapiero discussed the immense potential in tokenizing real-world assets (RWAs) on blockchains. He noted that asset tokenization has gained significant attention in the past six months, with the value of tokenized assets surging from $100 million to $800 million. However, Tapiero emphasized that this increase is just scratching the surface compared to the hundreds of trillions of dollars worth of assets globally.
The Rise of Stablecoins
Tapiero also highlighted the emerging market segment of stablecoins. He explained that while three years ago, stablecoins were virtually nonexistent, they recorded an astonishing $8 trillion in settlements in 2022. This growth metric is remarkable when compared to traditional financial instruments.
The Current Accelerated Growth of the Crypto Industry
Tapiero concluded by stating that the crypto industry is evolving at an unprecedented pace. He cited an influx of innovative ideas, new products, and a variety of use cases, particularly in decentralized finance (DeFi), as evidence of this accelerated growth.
Hot Take: Tapiero’s $10 Trillion Valuation Prediction
According to a report by The Daily Hodl published in April, Tapiero named his crypto investment fund “10T” based on his prediction in 2019 that the total market cap for cryptocurrencies would increase 30 times and reach a $10 trillion valuation.
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