Dan Held: SpaceX Will Hit $100 Trillion Market Cap In 20 Years (The Detailed Thesis)

<p>Dan Held joins us to unpack what it means to become a generational investor in today&#39;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. </p><p>The longtime Bitcoin investor lays out why Starship&#39;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&#39;s bond-buying, and why Zcash&#39;s run looks more like a crowded trade than a real discount.</p><p>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.</p><p>The Rollup is where the leaders of digital assets and finance converge. Live from the financial capital of the world.</p><p><br></p><p>Timestamps:</p><p>00:00 Intro</p><p>02:13 Apathy Was The Bitcoin Bottom Signal</p><p>04:15 OG Bitcoiners Are Buying Zcash</p><p>06:22 Privacy Chains Have A Supply Tradeoff</p><p>08:18 Bessent Treasury Twist Explained</p><p>10:46 Dan Sold Equity To Buy SpaceX</p><p>14:06 SpaceX Will Own Your Phone Plan</p><p>17:05 New York To Tokyo In 25 Minutes</p><p>19:00 SpaceX At $10T In Three Years</p><p>23:51 What Invalidates Your Investment Thesis</p><p>28:05 Sold At $1,000 Per BTC, Missed On Millions Story</p><p>30:14 Bitcoin Is Still Not Digital Gold Yet</p><p>34:44 Family Offices First Into Crypto</p><p>39:01 Dan&#39;s Net Worth Dropped 85% Three Times</p><p><br></p><p>Guest Socials:</p><p>Dan Held X: https://x.com/danheld</p><p>Dan Held Website: https://www.danheld.com/</p><p><br></p><p>Partners: </p><p>If you run concentrated liquidity positions you know the grind. Price moves, you&#39;re out of range, you&#39;re rebalancing at, like, 3am. 1inch Aqua lets you take a different approach. You can stack multiple positions on the same token balance instead of babysitting a dozen pools, and your tokens never leave your wallet. Your liquidity stays awake, so you can catch up on your sleep. Check it out at https://1inch.com/aqua</p><p>---</p><p>Dinari - Over 230 1:1 backed tokenized stocks, ETFs &amp; more with dividends. US-based SEC transfer agent. Available on 5+ chains &amp; via API. https://dinari.com/</p><p>---</p><p>Space and Time is providing verifiable data infrastructure for onchain finance. A decentralized database, blockchain indexer, and ZK coprocessor in one, giving DeFi protocols,stablecoins, and tokenized assets accurate, provable data. </p><p>---</p><p>Relay is the fastest and most reliable way to swap any token on any chain. Learn more here: https://relay.link/bridge</p><p>---</p><p>Zama is an open source cryptography company that builds state-of-the-art Fully Homomorphic Encryption (FHE) solutions for blockchain.</p><p>Learn more here: https://www.zama.org/</p><p>---</p><p><br></p><p>𝗦𝘂𝗽𝗽𝗼𝗿𝘁 𝘂𝘀 𝗯𝘆 𝗰𝗹𝗶𝗰𝗸𝗶𝗻𝗴 𝗮𝗻𝘆 𝗼𝗳 𝘁𝗵𝗲 𝗹𝗶𝗻𝗸𝘀 𝗯𝗲𝗹𝗼𝘄 𝗳𝗼𝗿 𝗳𝗿𝗲𝗲 𝗿𝗲𝘀𝗼𝘂𝗿𝗰𝗲𝘀:</p><p>Website: https://therollup.co/</p><p>Spotify: https://open.spotify.com/show/1P6ZeYd...</p><p>Podcast: https://therollup.co/category/podcast</p><p>Follow us on X: https://www.x.com/therollupco</p><p>Follow Rob on X: https://x.com/robbieklages</p><p>Follow Andy on X: https://x.com/andyyy</p><p>Join our TG group: https://t.me/+TsM1CRpWFgk1NGZh</p><p>The Rollup Disclosures: https://goodidea.ventures</p><p><br></p><p>𝗗𝗜𝗦𝗖𝗟𝗔𝗜𝗠𝗘𝗥: 𝘐𝘯𝘷𝘦𝘴𝘵𝘪𝘯𝘨 𝘪𝘯 𝘤𝘳𝘺𝘱𝘵𝘰𝘤𝘶𝘳𝘳𝘦𝘯𝘤𝘺 𝘢𝘯𝘥 𝘋𝘦𝘍𝘪 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮𝘴 𝘤𝘰𝘮𝘦𝘴 𝘸𝘪𝘵𝘩 𝘪𝘯𝘩𝘦𝘳𝘦𝘯𝘵 𝘳𝘪𝘴𝘬𝘴 𝘪𝘯𝘤𝘭𝘶𝘥𝘪𝘯𝘨 𝘵𝘦𝘤𝘩𝘯𝘪𝘤𝘢𝘭 𝘳𝘪𝘴𝘬, 𝘩𝘶𝘮𝘢𝘯 𝘦𝘳𝘳𝘰𝘳, 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮 𝘧𝘢𝘪𝘭𝘶𝘳𝘦 𝘢𝘯𝘥 𝘮𝘰𝘳𝘦. 𝘈𝘵 𝘤𝘦𝘳𝘵𝘢𝘪𝘯 𝘱𝘰𝘪𝘯𝘵𝘴 𝘵𝘩𝘳𝘰𝘶𝘨𝘩𝘰𝘶𝘵 𝘵𝘩𝘪𝘴 𝘤𝘩𝘢𝘯𝘯𝘦𝘭, 𝘸𝘦 𝘮𝘢𝘺 𝘦𝘢𝘳𝘯 𝘢 𝘤𝘰𝘮𝘮𝘪𝘴𝘴𝘪𝘰𝘯 𝘰𝘳 𝘧𝘦𝘦 𝘢𝘴 𝘢 𝘴𝘱𝘰𝘯𝘴𝘰𝘳𝘴𝘩𝘪𝘱, 𝘪𝘧 𝘵𝘩𝘪𝘴 𝘪𝘴 𝘵𝘩𝘦 𝘤𝘢𝘴𝘦 𝘸𝘦 𝘸𝘪𝘭𝘭 𝘢𝘭𝘸𝘢𝘺𝘴 𝘮𝘢𝘬𝘦 𝘴𝘶𝘳𝘦 𝘪𝘵 𝘪𝘴 𝘤𝘭𝘦𝘢𝘳. 𝘞𝘦 𝘢���