When Shift Happens Podcast E129: 10TFund Founder: Wall Street Investor's Bold Crypto Prediction (Bitcoin $1M)
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Jul 10, 2025 Dan Tapiero, a 25-year Wall Street veteran and founder of 10TFund, shares insights from his extensive trading career. He dives into why Bitcoin could reach $1 million in the next decade, pushing for institutional crypto adoption. The discussion also covers the importance of self-custody in crypto, personal anecdotes on balancing health and work, and the emotional challenges of investing in volatile markets like Bitcoin and Ethereum. Plus, he contrasts traditional art with the NFT landscape, offering a fresh perspective on both worlds.
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1994 Big Loss Teaches Risk
- In 1994, Dan Tapiero lost half his previous year's gains on a big bet on Japanese bonds in a single week.
- This taught him to avoid risking losses that he couldn't recover from, favoring downside control over upside.
Self Custody Is Vital
- Learn to self-custody your crypto to ensure no one can take your coins away.
- Use a cold storage hardware wallet like Trezor for safety and peace of mind.
Write Your Investing Thesis
- Successful investing requires clear articulation of your views with a structured investment memo.
- Writing your thesis helps clarify risks, reasoning, and scenarios for being right or wrong.