10T Holdings Raises $750 Million For First Growth Equity Funds

As investment in the crypto industry has exploded this year, private equity company 10T Holdings has received over $400 million in commitments for its initial two growth equity funds relating to digital asset firms.10T raised about $750 million for the initiative, which includes the 10T Fund as well as the 10T DAE Expansion Fund, through co-investment and sub-advised vehicles. According to the firm, the majority of the cash has already been allocated.

&lsquoDemand for the offering was fantastic&rsquo, - Dan Tapiero

The 10T Fund initially closed with roughly $120 million this past January, according to CEO Dan Tapiero, who noted that the demand regarding the offering was indeed so high that the business kept it available to investors. Furthermore, the fund&39s initial couple of investments, namely concerning that of both eToro and Kraken, grew astronomically, per the words of the CEO. With the exception of these two, the business opted to establish the 10T DAE Expansion Fund to make investments in the same organizations as the inaugural fund. The portfolios are therefore divided into three categories, namely bridges to virtual asset ecosystems, blockchain infrastructure firms, and finally next-generation financial services.

The CEO stated that the aim was always to include up to four businesses within every &39box&39, so to speak, and establish a diversified exposure for traders. The investors in question primarily consist of those who do not possess a comprehensive understanding of tokens, cryptocurrencies, protocols, or early-stage enterprises, as well as those who may not be all that venture-oriented.

What to Expect for Bitcoin and Crypto in General

The CEO predicts that BTC&rsquos price would rise to somewhere between $300,000 and $500,000 within the next three to four years. He added that the argument could be made for much higher numbers, but that the aforementioned range is more or less reasonable as of this time. He added that even now, only a decade or so after Bitcoin had burst onto the scene, the asset could be undervalued and many still fail to realize just how much of a global impact its introduction has truly had.

Of course, this is not to say that Bitcoin doesn&rsquot have its fair share of critics, as naysayers have been spouting the same rhetoric for a long time and continue to do so about how the world&rsquos biggest cryptocurrency by market capitalization will not last in the long-term. For his part, Tapiero believes that while the younger generation is on board with cryptocurrencies, those aged above 60 are still not entirely convinced.