Scarce Assets E009: Dan Tapiero – Legendary Macro Mind Turned Bitcoin Bull
April 30, 2024
Scarce Assets is a podcast from Onramp Media, hosted by Andy Edstrom and Jesse Myers. Onramp publishes these conversations for finance professionals weighing bitcoin's role in portfolios.
On this episode of Scarce Assets from Onramp Media, hosts Andy Edstrom and Jesse Myers speak with macro investor Dan Tapiero. The conversation covers the technical engineering of bitcoin, how institutional investors approach it, distress in private-market valuations, position sizing and time horizon, bitcoin's store-of-value case, and how Tapiero compares bitcoin with private equity and other old-world assets. Scarce Assets is editorial commentary from Onramp and is not investment advice.
Chapters
0:00 - Introduction to Dan Tapiero 5:30 - Understanding the technical engineering of bitcoin 12:16 - Institutional investors’ mindset 18:35 - Distress in private market valuations 24:48 - Multidisciplinary nature of the bitcoin space 29:30 - Position sizing & time horizon 38:54 - A message from Onramp 39:10 - Canvasing lesser quality protocols 42:00 - Store-of-value use case & beyond 49:16 - Advantages of private equity 54:39 - Bitcoin versus old-world assets 1:05:10 - Wrapping up
Frequently Asked Questions
Who is Dan Tapiero?
Dan Tapiero is a macro investor who joins hosts Andy Edstrom and Jesse Myers on Scarce Assets to discuss his view of bitcoin (0:00).
What does the episode cover about institutional investing?
Tapiero and the hosts discuss how institutional investors approach bitcoin and distress in private-market valuations (12:16).
Does the episode discuss position sizing?
Tapiero shares his own perspective on position sizing and time horizon (29:30). This is the show's framing, not investment advice from Onramp.
How does Tapiero compare bitcoin to other assets?
The conversation weighs bitcoin's store-of-value case against private equity and other old-world assets as his own framing (42:00).
This episode is editorial and educational content. Onramp does not provide tax, legal, or investment advice. Bitcoin is volatile and may lose value. Past performance does not guarantee future results.