Renowned macro investor Dan Tapiero has announced the creation of a new cryptocurrency fund, 50T, which combines his previously established 10T Holdings and 1RoundTable Partners under a single brand. As part of the rebranding, the large-scale 50T Fund V has been introduced with an investment capital of $500 million. This new instrument focuses on investments in the blockchain sector, cryptocurrencies, and the development of Web3 infrastructure.
This is reported by Business • Media
Updated Forecast: The Digital Ecosystem Could Exceed $50 Trillion
Alongside the announcement of the updated structure, Dan Tapiero has raised his own forecast regarding the prospects of the digital economy. According to him, over the next ten years, the total value of the digital ecosystem could reach $50 trillion. This is five times higher than his previous estimate from 2020, when he anticipated a market size of $10 trillion.
“We initially named our fund 10T because we expected the digital ecosystem to reach $10 trillion. Today, we have already crossed the $5 trillion mark. Given the recent changes in Washington, we see a real path to $50 trillion in the next decade,” Tapiero stated in a comment to The Block.
Dan Tapiero’s estimate takes into account not only the cryptocurrency market but also the combined capitalization of public and private companies associated with digital assets. It is worth noting that recently, the market capitalization of the crypto market exceeded $4 trillion, approaching the level of one of the world’s most valuable companies—Nvidia.
50T Fund Strategy and Results of Previous Investments
The 50T Fund has been established as a ten-year closed-end instrument focusing on growing companies in the digital sector. The first closing is scheduled for the fourth quarter of 2025. The rebranding comes in the wake of several successful exits from portfolio companies, including the sale of the cryptocurrency exchange Deribit for $2.9 billion to Coinbase, as well as the public listings of Circle and eToro.
Currently, the combined brand 50T manages assets totaling $2 billion, and representatives of the fund hold positions on the boards of leading companies in the industry. The 50T strategy is focused on active management, structural protection of investments, and supporting the development of the foundational infrastructure of the digital economy.
It is noteworthy that, according to CoinShares, the volume of assets under management in cryptocurrency funds has already reached a record level of $188 billion.