Dan Tapiero Explains the Drivers Behind Bitcoin's Explosive Growth
Check out Dan Tapiero's investing philosophy, his thoughts on the current macro environment, his entry into digital assets, and how that all led him to co-found his current fund 10T Holdings.
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Bitcoin Traders Brace for Record $6B in Options to Expire Friday - coindesk
Although the largest cryptocurrency was changing hands Wednesday around $56,500, traders were handicapping the odds of a plunge to about $44,000 by Friday, when a record $6 billion of options contracts is set to expire.
The bullish spin is that if bitcoin makes it through Friday without a major correction, a major overhang will be lifted.
Dalio sees 'good probability' bitcoin gets outlawed - Yahoo!
Billionaire investor Ray Dalio made a case that there’s a “good probability” bitcoin could be outlawed, similar to when the U.S. government made it illegal to privately own gold.
“Every country treasures its monopoly on controlling the supply and demand. They don’t want other monies to be operating or competing, because things can get out of control. So I think that it would be very likely that you will have it under a certain set of circumstances outlawed the way gold was outlawed”
Dan Tapiero Explains the Drivers Behind Bitcoin's Explosive Growth
by On the Margin | March 24, 2021 | 54 min listen
In this podcast Dan Tapiero, Co-Founder and CEO at 10T Holdings, talks about his investing philosophy, his thoughts on the current macro environment, his entry into digital assets, and how that all led him to co-found his current fund 10T Holdings.
A couple quotes from the show:
I think there is a world where in the future all transactions of very large value do come across the Bitcoin network. And it’s possible that one day when the Federal Reserve wants to send $100 billion to the bundesbank they’ll be able to do it instantanesouly for the cost of a dollar.
You’re happy to wait for 6,000 confirmations when sending $100 billion, but if you’re buying a cup of coffee then it is pointless to use bitcoin.
The move by corporates like Michael Saylor’s move into Bitcoin. I think that’s great. I don’t think U.S. corporations are the most risk taking guys and I don’t think there’s that much risk inherant in Bitcoin even though there is volatility. But you really need the asset allocators, the investors, to come to Bitcoin. And to me that is the next “woosh”. The Mass Mutual purchase was huge, I think maybe the most important purchase of the entire year last year.
Listen to the full podcast here.
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