A growing number of investors are questioning the long-term sustainability of global debt and the potential fallout for traditional fiat currencies. Against this backdrop, Dan Tapiero, Founder of 10T Holdings and 1RoundTable Partners, and Chief Sales Officer at Ledn , Mauricio Di Bartolomeo, recently explored how digital assets like bitcoin may reshape the financial landscape in ways that fiat-based systems cannot easily withstand.
Reflecting on the scale of global debt, Tapiero said, “If you think about that $800 trillion of assets, and you think about how much of those assets are fixed income bonds, it’s a big portion.” He stressed that an outright debt default is unfathomable, remarking, “There’s never going to be a default… an actual default would be the end of humanity for a while.”
In Tapiero’s view, the real risk lies in the erosion of purchasing power as traditional assets lag behind digital ones. “All of that debt is not going to default,” he explained. “It will simply be devalued against bitcoin and the digital asset world.”
This shift, according to Tapiero, is already underway as more investors diversify. “You can own bitcoin, you should, but I like having a portfolio. You own bitcoin and ethereum, maybe a little bit of Solana,” he noted, adding that more conservative returns are acceptable over the long term: “We’d be happy making a 5 to 10x in our portfolio over a ten-year period.”
Beyond individual investments, Tapiero pointed to Di Bartolomeo’s Ledn as a critical link between old and new financial structures. “I think your firm, Ledn is a fantastic spot,” he said. “No one who has a significant amount of bitcoin wants to sell it. Where do you go? .”You go to Ledn and you can borrow against your bitcoin .”
Envisioning the future, Tapiero encouraged a longer-term perspective, anticipating that rising adoption and technological innovation will place digital assets at the core of global finance. “The ETF is giving people… a bit of a sense of things,” he commented. “Eventually they’ll come to realize this bigger thesis… the debasement of all the assets in the fiat world against the assets in the digital world.”
