Analysis: Tapiero ups crypto forecast to $50T; Compass Point downgrades Circle on valuation
- Investor Dan Tapiero merges his firms into a new brand, “50T,” reflecting a $50 trillion crypto market forecast.
- Tapiero says the crypto ecosystem is already at $5T, “far exceeding” his initial 10-year, $10T thesis from 2020.
- Circle (CRCL) stock fell up to 8% after Compass Point downgraded it to “Sell,” citing valuation and competition.
Prominent digital asset investor Dan Tapiero is making a bold statement about the future of the crypto economy, merging his private equity firms 10T Holdings and 1RoundTable Partners under a new,…
