Dan Tapiero thinks Bitcoin could hit $500,000 within the next 5 years and explains how his funds aim for 10x returns with low volatility

Dan Tapiero likes to draw parallels between the current cryptocurrency market and the late-’90s dot-com boom.

“It feels like Amazon ’95, or eBay ’96,” the 53-year-old told Insider in a recent interview. “It’s a very vibrant space, so I hatched a plan to build a portfolio of companies and gain broader exposure.”

Tapiero launched his crypto-focused private equity firm, 10T, in January this year. In just nine months, 10T raised $750 million in investment and invested 80% of that to build a portfolio of 11 crypto companies.