Barry Silbert, the CEO of Digital Currency Group, said he would have secured higher investment gains by just holding the Bitcoin that he invested in early-stage crypto projects around 2012.
During an April 17 appearance on Raoul Pal’s Journey Man podcast, Silbert said he discovered Bitcoin (BTC) in 2011, purchasing BTC at $7-$8 per coin. Once the price of BTC surged, Silbert started looking for early-stage crypto companies to invest in. The executive told Raoul Pal:
“I was using Bitcoin to make a bunch of those investments, and you would think, if you invested in Coinbase you would have done really well. Had I just held the Bitcoin, I actually would have done better than making those investments.”
Silbert’s comments come at a time when Bitcoin maximalists, including Strategy co-founder Michael Saylor, forecast a seven-figure Bitcoin price in the coming decade, and BTC