10T Holdings founder and cryptocurrency-focused investor Dan Tapiero believes that artificial intelligence (AI) and blockchain technology will intersect in the near future, creating a new wave of investment in the market.
“Blockchain is the monetary infrastructure of artificial intelligence,” Tapiero said, adding, “Imagine a world where thousands of independent AI agents operate; these systems won’t be making transfers through JPMorgan. They will all be operating through smart contracts built on the blockchain.”
Tapiero announced that 10T Holdings plans to allocate approximately 20% of its new fund, which is in the process of raising capital through 2026, to companies operating at the intersection of artificial intelligence and blockchain. Tapiero acknowledged that not many companies have yet reached a scaled-growth stage in this field, saying, “In the next five years, this space will become a category unto itself.”
Tapiero painted a cautiously optimistic picture of the crypto market. He stated that he has maintained the same target for Bitcoin since the beginning of 2023, saying, “I expect a consolidation around $100,000 first; this level serves as a psychological level for investors. Then, I expect a rise towards $180,000, perhaps around next summer.”
Tapiero stated that some investors are impatient with the stagnation of the price and that short-term predictions should be avoided:
“In my 25 years of experience in traditional markets, I have never seen a market this difficult. Trading from a short-term perspective is nearly impossible.”
*This is not investment advice.