Mauricio Di Bartolomeo sits down with Dan Tapiero, the founder of 1 Roundtable Partners, to discuss his journey into digital assets, the importance of Bitcoin, and his unique approach to macro investing. Starting with Dan’s early exposure to currencies and commerce, the conversation traces his evolution from studying history to navigating global markets and investing in new asset classes. Dan shares how the 2008 financial crisis led him to gold as a hedge, which ultimately led to his deeper interest in Bitcoin as "digital gold."
The discussion covers Bitcoin’s potential as a hedge against fiat currency devaluation, 1 Roundtable’s investment strategy, and Dan’s vision for the crypto space, especially in light of evolving US regulations. He outlines why he believes Ledn is positioned to lead in the Bitcoin-backed lending market and explains his forecast for crypto IPOs, emerging asset valuation models, and the role Bitcoin will play in the future of finance.
Key Discussion Points:
1. Dan’s Early Influences and Journey to Finance
- Dan shares how growing up in a family familiar with banking and commerce influenced his early awareness of currency and finance.
- His studies in history provided a foundation for analyzing macro trends and global events, which became essential in his approach to investing.
2. From Gold to Bitcoin as a Hedge Against Fiat Devaluation
- After the 2008 financial crisis, Dan shifted focus to gold due to concerns over negative real interest rates, a shift that laid the groundwork for his interest in Bitcoin.
- He explains why Bitcoin, like gold, serves as a hedge in times of economic instability, but with the added advantage of being digital and scarce.
3. 1 Roundtable Partners and Macro Investment Strategy
- Dan outlines his growth equity strategy for investing in digital assets through 1 Roundtable Partners, which has committed over $1 billion to companies like Ledn.
- His view on Bitcoin, Ethereum, and other assets achieving network effects underpins his investment thesis in the digital asset ecosystem.
4. Bitcoin’s Market Cap Potential and the Future of Crypto IPOs
- The conversation turns to Bitcoin’s projected market cap, which Dan believes could rival that of gold as institutions adopt it.
- He predicts an uptick in crypto IPOs in the coming years, emphasizing that more public crypto companies will offer new opportunities for institutional investors to participate in the space.
5. Regulatory Optimism in the US and What It Means for Digital Assets
- Dan shares his optimistic view on the changing regulatory landscape, with the US poised to support digital asset innovation. He suggests that policies encouraging crypto growth will catalyze the market, positioning the US as a leader in the industry.
6. The Role of Ledn in Bitcoin Lending
- Dan highlights Ledn’s unique market position, noting that its Bitcoin-backed lending service provides users a way to leverage their Bitcoin holdings without selling.
- He praises Ledn’s resilience through industry upheavals and its potential to become a leading Bitcoin-backed lending provider.
Resources Mentioned:
- [1 Roundtable Partners](https://1roundtable.com) – Learn more about Dan’s investment approach to digital assets.
- Ledn’s Bitcoin-Backed Lending Services – Learn how you can borrow against your Bitcoin holdings.
- Related Blog Post on Bitcoin’s Role as Digital Gold – Coming Soon
Connect with Dan Tapiero:
- LinkedIn: https://www.linkedin.com/in/dan-tapiero
- Twitter: https://twitter.com/DTapiero
If you enjoyed this episode, please leave us a review and subscribe to the *Because of Bitcoin* podcast for more in-depth conversations on Bitcoin, digital assets, and the future of decentralized finance.