Barry Silbert reflects on missed gains from not holding Bitcoin
Barry Silbert, CEO of Digital Currency Group, has expressed regret over not simply holding onto his early Bitcoin (CRYPTO:BTC) investments, saying he would have realised greater returns than by investing in various crypto startups.
Speaking on Raoul Pal's Journey Man podcast, Silbert recalled first discovering Bitcoin in 2011 and acquiring coins at $7 to $8 each.
“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,” he explained.
Silbert’s comments come as Bitcoin maximalists, including figures like Michael Saylor, continue to forecast substantial price growth for the cryptocurrency in the coming years.
The discussion also highlights a broader skepticism about the value of many cryptocurrencies in circulation, with Silbert noting that most lack real monetary worth.
His remarks arrive at a time of significant transition for both Silbert and his companies.
In late 2023, Silbert stepped down from the board of Grayscale Investments, the asset manager behind the Grayscale Bitcoin Trust, amid ongoing legal and regulatory challenges for Digital Currency Group and its affiliates.
The leadership changes coincided with Grayscale’s efforts to convert its flagship Bitcoin trust into a spot exchange-traded fund, a move that remains under regulatory review.
Meanwhile, the idea of Bitcoin as a strategic reserve asset is gaining traction in policy circles.
Zach Shapiro of the Bitcoin Policy Institute recently suggested that if the United States government were to acquire one million Bitcoin, “that’s just a global seismic shock,” predicting such a move could push the price to $1 million per coin.
Bo Hines, executive director of the White House Crypto Council, indicated that the administration is examining budget-neutral strategies for increasing national Bitcoin reserves, including revaluing gold reserves and using trade tariffs to fund purchases.
Some analysts, such as those at VanEck, have argued that Bitcoin could help address the US national debt if integrated into Treasury bond offerings.
At the time of reporting, the Bitcoin (BTC) price was $84,607.08.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The U.S. Department of Labor will release the latest initial unemployment claims data at 20:30 today
21Shares has submitted the S-1 registration form for the SUI ETF to the SEC
Trending news
MoreCrypto prices
More








