Tapiero, the founder of 1Roundtable Partners and 10T Holdings, has shared his optimistic outlook on the cryptocurrency market, suggesting that it could eventually be worth hundreds of trillions of dollars. Initially, Tapiero estimated that the market could reach a total market cap of $10 trillion, but recent developments and rapid growth have led him to revise his estimate significantly upwards. He now believes that the market could potentially reach $30 trillion, $70 trillion, or even $100 trillion in the future. Tapiero also predicts that within the next 18 to 24 months, the market could reach $10 trillion.
Despite the current volatility in crypto prices, Tapiero remains bullish, emphasizing that the ecosystem is strong and many companies in his portfolio are performing exceptionally well. He views the recent market fluctuations as part of the normal corrective process.
Tapiero also discussed the regulatory challenges that the crypto industry faces, particularly in the United States. However, he highlighted positive changes over the past year, including favorable court rulings and the entry of major financial institutions into the crypto space. The approval of spot Bitcoin ETFs and potential spot Solana ETFs are seen as significant milestones.
The conversation also touched on the role of meme coins and their appeal to younger investors. Tapiero sees the engagement and enthusiasm around meme coins as positive for the overall ecosystem, even though most participants may not see significant returns.
Tapiero predicts that the fourth quarter of the year could bring another significant rally in crypto prices, driven by new information and increased institutional interest. He also stresses the importance of investing in the infrastructure that supports the crypto ecosystem, focusing on companies that provide essential services and tools.
Tapiero believes that stablecoins and the tokenization of real-world assets (RWAs) will play a crucial role in the future of crypto. He envisions a future where everything of value will be placed on a blockchain, making assets fungible and transactions instantly settled. He further predicts that stablecoins could make up a significant portion of the total money supply, potentially reaching 10% of the total money supply, which could be around $8 trillion or more as the money supply grows.
While Michael Saylor’s efforts to promote corporate adoption of Bitcoin were discussed, Tapiero remains skeptical that many companies will add Bitcoin to their balance sheets. He believes that institutional investors and asset managers will be the real drivers of adoption, as they understand the value and potential of cryptocurrencies.
Tapiero compared the dynamics of the crypto market to historical market cycles, suggesting that after periods of high growth, corrections are normal and healthy. He predicts that Bitcoin could reach $150,000 within the next 18 months, and emphasizes that the overall market could see substantial growth, driven by continued innovation and institutional adoption.