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Dan Tapiero Projects Crypto Economy Hitting $50T, Launches $500M Fund Under New Firm
Tapiero, who previously projected a $10 trillion crypto market, adjusted his forecast after seeing the success of Circle's IPO and Deribit's acquisition by Coinbase.
Updated Jul 23, 2025, 12:58 p.m. Published Jul 22, 2025, 9:54 p.m.
What to know:
- Dan Tapiero is merging 10T Holdings and 1RoundTable Partners into a new brand called 50T, predicting the digital asset market will reach $50 trillion in the next decade.
- 50T is launching a $500 million growth equity fund to support later-stage blockchain and web3 companies, with a first close planned for Q4 2025.
- Recent successes like Circle's IPO and Coinbase's acquisition of Deribit highlight the maturity of the digital asset sector, Tapiero said.
Well-known digital asset investor Dan Tapiero is merging private equity firms 10T Holdings and 1RoundTable Partners under a new brand 50T, reflecting his forecast that the digital asset ecosystem will reach a market value of $50 trillion in the next decade.
"50T is a natural evolution from our original thesis in 2020 when we launched 10T with the belief that the digital asset ecosystem would grow from $300 billion to $10 trillion in 10 years," Tapiero said in a Tuesday press release.
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"Today, we estimate that we're already at $5 trillion, far exceeding our initial timeline, which is why we're adjusting our outlook upward," he said. "Recent successes like the Circle IPO and Deribit acquisition demonstrate the maturity of this sector and validate our investment thesis that all value will eventually move on-chain."
USDC stablecoin issuer Circle surged nearly 10-fold from its initial price following its the stock market debut last month, while crypto exchange Coinbase acquired Deribit for $2.9 billion in May.
Funds under 50T were investors in Circle, Deribit, and digital trading platform Etoro, which also went public recently, and other portfolio companies are also gearing towards going public, the press release said.
50T is also launching a $500 million growth equity fund dubbed 50T Fund alongside the rebrand.
It's a closed-end fund with a ten-year horizon, designed to back later-stage companies building out core infrastructure in blockchain and web3, with a first close planned in Q4 2025.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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