Dan Tapiero, the founder of DTAP Capital and 10T Holdings, is a close friend of Raoul Pal's. Dan and Raoul have lived and breathed the macro world together over the decades. It is always a delight to get them together swapping big picture views! Dan is a master at creating a long-term structure around big macro bets, and his immensely successful 10T fund is no exception. He saw the exponential opportunity in the digital asset ecosystem and did the hard work to build a business that best leverages risk-reward. Dan started the firm thinking he was wildly bullish in his thesis, but now, with the cold hard facts, he realizes that he was too conservative in his view. Raoul and Dan have never seen anything of this magnitude or exponentiality before. Dan also drops a huge bomb about one of the projects Raoul is up to in this space, much to Raoul's surprise! A priceless moment... This interview is an instant macro meets crypto classic. Recorded on October 29, 2021.