Crypto investment firm 10T Holdings has “doing well” this year despite market volatility following the collapse of FTX, hedge fund veteran Dan Tapiero said at the Token2049 conference in London.
Tapiero added that he was not “worried” about the potential impact on the fund’s performance.
“We may not perform well in the upswing,” Tapiero said, referring to this year’s performance. “But we can do better in the market downturn.”
Since its inception in 2020, the investment firm has $1.2 billion in assets under management, according to data fromwebsite The 10T portfolio includes crypto exchanges Kraken and Gemini.
“We don’t want to be number one, we certainly are not,” Tapiero said, describing the fund’s more conservative strategy.
“Despite the SBF and all this nonsense But this is the biggest macro investment I’ve seen in years,” Tapiero said.
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