Macro guru and fund manager Dan Tapiero is optimistic that Bitcoin (BTC) will potentially hit a six-figure price. In a new interview with Natalie Brunell, Tapiero says that “we’ll see Bitcoin over $100,000” in the next bull run. A surge to $100,000 would translate to a gain of at least 167% from the current level. […]
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Macro investor and fund manager Dan Tapiero says that a massive adoption wave of crypto technology is now underway. In a new interview with former Goldman Sachs executive Raoul Pal, Tapiero says that traditional retailers and finance giants are all moving into the digital asset space as a means to improve their business models. He […]
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Macro guru and crypto fund manager Dan Tapiero says that the adoption of digital assets is happening quickly and there are no signs of it slowing down. In a new interview with Coin Bureau host Guy Turner, Tapiero says that the crypto space has seen massive growth in the past four years alone. “When I […]
The post Macro Guru Dan Tapiero Says Crypto Being Adopted at ‘Breakneck’ Speed, Highlights Trillion-Dollar Opportunity appeared first on The Daily Hodl.
Ripple Labs and crypto investment firm 10T are investing $54 million into Futureverse, a crypto technology and artificial intelligence (AI) gaming startup. According to a new announcement, Futureverse plans to use the funds for research and development, including advancing its technology called the Root Network. The Root Network is a blockchain and suite of protocols […]
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Macro investor and fund manager Dan Tapiero is doubling down on his prediction Bitcoin (BTC) will soar to as high as $500,000. In a new interview with Scott Melker, Tapiero says that he named his crypto investment fund 10T after his 2019 prediction that the total market cap for cryptocurrencies would increase 30x and reach […]
The post Bitcoin To Reach $300,000 to $500,000 in Massive Price Eruption, According to Macro Guru Dan Tapiero – Here’s Why appeared first on The Daily Hodl.
Macro investor and fund manager Dan Tapiero says that institutional interest in the crypto industry has accelerated throughout the bear market. In a new Real Vision interview, Tapiero says that institutions like endowments, teachers’ funds and pension funds have had their eye on the crypto space as of late, and are noticing fundamental strength building […]
The post Institutional Interest in Bitcoin and Crypto ‘Really Picking Up’ in Several Sectors, Says Macro Investor Dan Tapiero appeared first on The Daily Hodl.
With the addition of the new fund, 10T Holdings’ assets under management would likely exceed $1 billion.
Macro investor Dan Tapiero is launching another multimillion dollar fund intended to invest in mid- to late-stage companies in the digital asset ecosystem.
According to a Notice of Exempt Offering of Securities filing with the U.S. Securities and Exchange Commission on Monday, Tapiero and his 10T Holdings partners Michael Dubilier and Stan Miroshnik have given the regulatory body notice of a $500 million growth equity fund for crypto and blockchain firms. The filing shows the fund has not yet sold any of the original investment.
The 10T DAE Fund 3.0 is the third to come from the growth equity firm, following a $200 million fund launched in February and a $750 million fund in September. The company lists 14 crypto and blockchain firms in its portfolio, including Kraken, eToro, Huobi, Mercado Bitcoin, Gemini, Bitfury and Ledger. With the addition of the $500 million fund, 10T Holdings’ assets under management (AUM) would likely exceed $1 billion — its website lists $770 million AUM at the time of publication.
Tapiero is no stranger to investments, but prior to the crypto boom, some of his business was in gold. The 10T Holdings founder also helped co-found Gold Bullion International in 2009 and has been actively speaking about the potential of the crypto ecosystem, including Bitcoin (BTC), as the adoption of digital assets accelerates.
Related: Why Dan Tapiero expects a massive Bitcoin shortage
According to data from Cointelegraph Markets Pro, the BTC price is $51,140 at the time of publication, having risen more than 20% since dipping to a monthly low to the $42,000s on Dec. 3. However, Cointelegraph reported there are indications that institutional investors are still looking to buy crypto.
Some analysts still expect six-figure Bitcoin prices this year despite the recent market panic.
Bitcoin (BTC) is still on course to hit $100,000 this year and its recent dip is “unchanged price action.”
That was the conclusion of one of the industry’s best-known investors as BTC/USD recovered from its trip to near $46,000.
In a tweet on April 27, Dan Tapiero, fund manager Dan Tapiero revealed that he had been “inundated” with concerned clients over Bitcoin’s recent price dip. There was, however, no need to panic.
Highlighting a technical (TD sequential) buy signal not seen since the March 2020 crash to $3,600, Tapiero gave hope to those wondering what became of the myriad sky-high BTC price predictions for 2021.
“A very rare td buy signal in Bitcoin. Last one came right at the March '20 low. Still see 100k this yr,” he wrote.
“Overwhelmed with calls of panic last few days over what is unchanged price action...ie still at 50k. Hodl is the only way to be long without emotion.”
The comments came in tandem with a curious exchange between Tesla and SpaceX CEO Elon Musk and popular trader Dave Portnoy, the latter a famous Bitcoin skeptic who nonetheless caved in to pressure to add it to his portfolio earlier this year.
When it became known that Tesla had sold a portion of its holdings, Portnoy took this as proof of the company’s lack of belief in its long-term viability. Musk denied this and claimed that it was in fact a test of its utility.
“I have not sold any of my Bitcoin,” part of a Twitter response read.
“Tesla sold 10% of its holdings essentially to prove liquidity of Bitcoin as an alternative to holding cash on balance sheet.”
No, you do not. I have not sold any of my Bitcoin. Tesla sold 10% of its holdings essentially to prove liquidity of Bitcoin as an alternative to holding cash on balance sheet.
— Elon Musk (@elonmusk) April 26, 2021
Musk is a classic source for short-term Bitcoin price movements, and any admission that he had permanently divested himself of his allocation could have easily skewed sentiment to the downside.
In the event, BTC/USD returned to levels near $55,000, making gains of almost 10% since the start of the weekend in what could be another classic “Elon candle” move.
“Bitcoin hodl confirmed,” Blockstream CEO Adam Back commented on the Twitter exchange.
Tesla itself reported record profits this week.
As Cointelegraph reported, Bitcoin’s underlying fundamentals very much suggest “business as usual” for the largest cryptocurrency despite the recent upheaval.
Changes in circumstances for miners, one of the likely triggers for the price dip, were already being accounted for on Monday, and weak-handed traders betting on more downside were getting liquidated.
