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Macro Guru Dan Tapiero Predicts $15 Trillion or More Will Flow Into Gold and Bitcoin

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Veteran macro investor Dan Tapiero thinks roughly $15 trillion in wealth could flow into Bitcoin and gold throughout the next decade.

Tapiero, the co-founder of digital asset equity fund 10T Holdings, says in a new interview with Anthony Pompliano that in the next ten years, financial institutions could invest up to 10% of their portfolios in gold and 5% in Bitcoin.

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He adds that some institutions may reverse that ratio and some speculative investors that are used to sinking money into venture capital may invest 10-15% of their portfolios in each.

“That’s a huge, huge chunk – I mean 15% of $100 trillion is $15 trillion. That could be $15 trillion to flow into [gold and Bitcoin]. Or more. I think it’ll eventually be more.”

Tapiero also highlights Bitcoin will be the fastest horse, and that it’s much bigger than gold in terms of its impact.

“For me… Bitcoin is much bigger than gold. Bitcoin could be, and I think will be, that value protocol for the internet. Gold is a store of value. Bitcoin is an entire network. One aspect of what Bitcoin is is a store of value.

That’s another reason I don’t understand all the constant comparisons to gold because you’re limiting what it is, and if you say to an investor, ‘Oh, it’s just digital gold,’ they’re like, ‘No it’s not.’ And that’s it. But if you say to them, ‘This is an invention akin to the invention and discovery of electricity or the invention of the combustible engine,’ then they’re like, ‘What are you talking about? It’s just digital gold, you said.’ No, it’s not. That’s one little aspect of what Bitcoin is.”

Tapiero adds that Bitcoin “could be a system that grows equal in size to the entire legacy system.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Source: https://dailyhodl.com/2020/11/24/macro-guru-dan-tapiero-predicts-15-trillion-or-more-will-flow-into-gold-and-bitcoin/

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