Venture Capitalist Dan Tapiero Says Rapid Adoption of Crypto Now Underway As Trillions of Dollars Wait on the Sidelines

By The Daily Hodl - 2 weeks ago - Reading Time: 3 minutes

Venture Capitalist Dan Tapiero Says Rapid Adoption of Crypto Now Underway As Trillions of Dollars Wait on the Sidelines

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 says the adoption wave is one of the key differences between now and the previous bear market years ago.

“This right now is the beginning of the ‘normie,’ traditional, corporate world adoption of Web3, blockchain, crypto, digital assets… Whatever you want to call it, it’s happening now. At the end of the last bear phase, we didn’t have hundreds of companies trying to figure out how to incorporate NFTs (non-fungible tokens) into their business model. Now you’ve got Adidas and LVMH and Nike and all these giant companies on that end.

You’ve got Franklin Templeton and Fidelity and BlackRock. The buying hasn’t happened yet. But they put down their stake and they said to the people in Washington, Listen, we control trillions of dollars of assets. Okay, we want an ETF (exchange-traded fund). All right. So that’s great. But that’s just a conduit for capital.

Can you imagine what’s going to happen when the people of those institutions understand that that is just the very beginning of what’s so interesting about this world? Just buying Bitcoin and Ethereum, I mean, big deal, right? Like, that’s great, but it seems they don’t have any greater conception for what’s going on, which I would call is the digitization of all value that exists in the world at some point will sit on a blockchain somewhere in this DAE (digital asset ecosystem), as I call it. That’s where we’re going.”

The investor predicts an explosion in digital assets as waves of capital descend upon the space from the traditional world. He refers to the current market cycle as “the adoption cycle.”

“The protocols have cash flow. Ethereum, I think you probably saw, was the fastest to $10 billion in revenue, or the second fastest business if you would call it that, of all time. But it’s not the kind of revenue that traditional investors are used to.

I think that our space is going to just explode as more capital comes in from the traditional world. This is the adoption cycle.”

I Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix


Check Latest News Headlines

  Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/prodigital art/Sensvector

I

The post Venture Capitalist Dan Tapiero Says Rapid Adoption of Crypto Now Underway As Trillions of Dollars Wait on the Sidelines appeared first on The Daily Hodl.

Original source: The Daily Hodl