Dan Tapiero Declares Bitcoin Bull Phase Has Begun

Bitcoin bull phase — Prominent investor Dan Tapiero has declared that a new bull market phase has begun for Bitcoin and other core digital assets.

In an interview with Bitcoin Magazine, the founder and CEO of 10T Holdings and 50T Funds outlined his bullish thesis, pointing to underlying revenue growth in areas like stablecoins, tokenization, and infrastructure firms such as Kraken and Ledger. He also highlighted the performance of decentralized exchange Hyperliquid as a leader in the current cycle.

Tapiero discussed his fund’s investment strategy, emphasizing the importance of valuation and revealing a $42 million investment in crypto payments firm MoonPay. He contrasted this with his decision to pass on now-bankrupt firms like FTX, Celsius, and BlockFi during the last cycle.

On macroeconomics, Tapiero pointed to Japan’s monetary policy and a long-term “debasement trade” as foundational themes driving institutional interest towards hard assets like Bitcoin and gold.