Is The U.S. Entering A Golden Age Of Capitalism? | Dan Tapiero
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I'm good. I just complete my title by also saying, I am have the same title for 1 roundtable partners, 10 t, 1 r t, manage, a portfolio, as you may or may not know of companies, private companies in the digital asset space. And then I'm also chairman of a company that we're operating called ZenRock, Labs, and we can get into that if you want. It's a little deep in the weeds. We are coming out with our 1st product next month, which is a okay. Get this. A decentralized yield bearing wrapped Bitcoin product for DeFi users. So it's a pretty deep in the weeds. If you're deep into the crypto, DeFi,
Yeah. You really do. And, I think that's a good that's a good goal for our conversation today. Let's let's get people up to speed enough that they can understand what you just said and what are some of the unique propositions for this. We can see. We can do our best shot here. But before we get into that, you know, for those that haven't, heard about you and and your story global macro career before you're in the weeds of of private equity on the digital asset side of things, how did you get from where you started to where you are today? What's the story there just to get people up to speed? W
I'm an old guy, so it's a long story. I mean, I started my career in the early nineties, really, at Tiger Management, and I was in the global macro group there. So I was doing bonds, currencies, emerging markets, commodities. You know, most of Tiger, really, they're all, the Tiger Cubs, etcetera, are focused on home short equity, or they were, and most of them are retired now. But then I was in the hedge fund business for 20 plus years, you know, ended up working for Michael Steinhardt as well, where I was head of macro, research and ran a portfolio there with, 2 other guys. And then was at SA
Yeah. I think that's a good approach. It's it's really interesting hearing that that experience you had because I feel like, you know, that that sets you up for the ideal background to understand the macro benefits of of Bitcoin and and and crypt crypto as a whole. But it feels like, you know, it could have gone either way for you and and many others in your situation where it's either you, you know, you spend those years learning and then rethinking your framework. You know, you were deep in gold and gold miners and gold companies and basically flipped your perspective completely. But there's
is the opposite? You mean The opposite is
is probably, yeah, rejecting, remaining as as that, like, gold bug and and remaining in that world and being cynical of of this new version of that, this digital version of that. What what do you feel like was the catalyst to be able to go down that route and not the other? Because it feels like sometimes people get caught up in this Yeah.
I think it's just more work. I honestly, it it took me quite a while, and then, you know, price helped me. In 2019, the market corrected 90%, and I'd seen that a lot in markets. I mean, there's also a market component
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