Macro guru and crypto fund manager Dan Tapiero says that the adoption of digital assets is happening quickly and there are no signs of it slowing down.
In a new interview with Coin Bureau host Guy Turner, Tapiero says that the crypto space has seen massive growth in the past four years alone.
“When I first had the idea for the [crypto] fund was the middle of 2019 and the total value in the space then was $300 billion. That was the value of all the cryptocurrency in the world and the value of all the equity. It’s an internal measure that we use. So it was $300 billion. At the peak 18 months ago, it had gone to $3.2 trillion. And today, we’re $1.7 trillion. So there’s $1.7 trillion of value in our world, which is unbelievable.
Okay, it’s down half from the peak, but it’s up 5x from four years ago. And so, I just think that people don’t realize that adoption, as we always talked about it, institutional or retail adoption, is happening at pretty much a breakneck speed. Something that goes up 5x in four years, it’s like 100% a year. That’s pretty fast.”
The trader says that there is huge potential for more growth in the crypto space, particularly in tokenizing real-world assets (RWA) on blockchains.
“Even this concept of tokenizing real-world assets, RWAs, which has been growing a little more in vogue in the last six months, we went from $100 million of assets tokenized to now $800 million in a few months. But it’s $800 million.
There are hundreds of trillions of dollars worth of assets. And then you look at something like the stablecoin market, which literally three years ago was zero. And last year, in 2022, you had $8 trillion of stablecoins settled, $8 trillion. Now, what in the traditional world goes from zero to $8 trillion in three years?”
According to the trader, the crypto space is now growing at a faster rate than ever before.
“The reality is that the space is growing and morphing at a faster rate today than at any time since I’ve been involved: the number of innovations, the number of new ideas, new products, new use cases, the whole world of DeFi (decentralized finance).”
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The post Macro Guru Dan Tapiero Says Crypto Being Adopted at ‘Breakneck’ Speed, Highlights Trillion-Dollar Opportunity appeared first on The Daily Hodl.
