Dan Tapiero Says Bitcoin Has Entered a New Bull Phase
Dan Tapiero, founder and CEO of 50T Funds, said on a Bitcoin Magazine program that a new bull phase has started in the core assets of the digital asset market. In the discussion, he pointed to what he described as real revenue growth beneath the surface of the industry, naming stablecoins, tokenization, Kraken, Ledger, and Polymarket. He also said Hyperliquid has been leading this phase of the market, while the conversation expanded to Bitcoin, Solana, institutional fundraising, and broader macro themes. The program outline also covered why Tapiero passed on FTX, Celsius, and BlockFi, tying that decision to valuation. Other segments focused on 50T’s effort to raise a $500 million fund, the firm’s $42 million investment in MoonPay, and macro topics including Japan’s 30-year bond base, the yen, rate hikes, AI, productivity, and the natural rate of interest. The episode closed with Tapiero’s long-term view on what it called the debasement trade, where he argued Bitcoin and gold stand to benefit over time. Bitcoin Magazine included a disclaimer stating that the views expressed were those of the participants and did not constitute investment, legal, tax, or accounting advice.
