Dan Held: SpaceX Will Hit $100 Trillion Market Cap In 20 Years (The Detailed Thesis)
About this episode
Dan Held discusses generational investing and the potential of SpaceX's market impact.
Dan Held joins us to unpack what it means to become a generational investor in today's world. For reference, he bought Bitcoin in 2012 and recently sold a lot to pour it into SpaceX, and says the thesis has barely started. The longtime Bitcoin investor lays out why Starship's collapsing launch costs could unlock a total addressable market bigger than global GDP, why he thinks this cycle just bottomed at $81,000 on the back of the Fed's bond-buying, and why Zcash's run looks more like a crowded trade than a real discount. Dan Held is an independent investor and Bitcoin OG who bought his first coin in 2012, previously led growth at Kraken, and has spent over a decade publicly calling market cycles. The Rollup is where the leaders of digital assets and finance converge. Live from the financial capital of the world. Timestamps: 00:00 Intro 02:13 Apathy Was The Bitcoin Bottom Signal 04:15 OG Bitcoiners Are Buying Zcash 06:22 Privacy Chains Have A Supply Tradeoff 08:18 Bessent Treasury Twist Explained 10:46 Dan Sold Equity To Buy SpaceX 14:06 SpaceX Will Own Your Phone Plan 17:05 New York To Tokyo In 25 Minutes 19:00 SpaceX At $10T In Three Years 23:51 What Invalidates Your Investment…
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