DCG CEO Silbert: Holding Bitcoin Beats Early Crypto Investments

Barry Silbert's Bitcoin Regret Highlights Potential for Seven-Figure BTC Value as Government Acquisition Discussions Intensify

  • Barry Silbert reveals his early Bitcoin investments would have outperformed his venture capital investments in crypto companies.
  • Bitcoin maximalists, including Michael Saylor, predict Bitcoin could reach seven-figure values in the coming decade.
  • U.S. government acquisition of Bitcoin being discussed as a potential strategy for addressing national debt issues.

Digital Currency Group CEO Barry Silbert admitted that holding onto his early Bitcoin purchases would have yielded better returns than his investments in crypto startups. During an April 17 appearance on the Journey Man podcast with Raoul Pal, Silbert revealed he first bought Bitcoin at $7-$8 per coin in 2011 before using his BTC to fund investments in early-stage crypto companies.

- Advertisement -

Silbert told podcast host 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."

This revelation comes as Bitcoin maximalists like Strategy co-founder Michael Saylor forecast Bitcoin prices potentially reaching seven figures within the next decade. Silbert’s comments highlight the extraordinary appreciation of Bitcoin compared to even successful crypto company investments.

Government Bitcoin Acquisition Could Drive Prices Higher

Bitcoin Policy Institute head Zach Shapiro recently suggested Bitcoin could reach $1 million per coin if the U.S. government purchased 1 million BTC. "If the United States announces that we are buying a million Bitcoin, that’s just a global seismic shock," Shapiro told Bitcoin Magazine on April 16.

Bo Hines, executive director of President Trump’s White House Crypto Council, indicated the council is exploring budget-neutral strategies for acquiring Bitcoin for the U.S. Strategic Reserve. These strategies include revaluing Treasury Gold reserves (currently priced at $43 per ounce versus market rates of $3,300) and using trade tariffs to fund Bitcoin purchases.

Bitcoin as a National Debt Solution

- Advertisement -

Several market analysts and politicians have proposed Bitcoin as a potential solution to address the growing U.S. national debt. Asset management firm VanEck suggests Bitcoin could help reduce the $36 trillion national debt by approximately $14 trillion if the Treasury introduces long-term bonds with Bitcoin exposure.

President Trump has also floated Bitcoin as a potential mechanism to address national debt challenges, adding to growing institutional and governmental interest in cryptocurrency as more than just a speculative asset.

✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.

Previous Articles:

- Advertisement -

Latest News

Maine Attorney General Recovers Thousands in Crypto Scam Case

The Maine Attorney General's Office has recovered thousands of dollars for a victim of...

Coinbase Shares Hit Highest Level Since 2021 Nasdaq Debut

Coinbase stock reached its highest price since its 2021 listing, nearly returning to debut...

BPX Gains FCA Nod to Trade Tokenized Securities in the UK

BPX, a startup focused on trading tokenized securities, received several authorizations from the UK’s...

Shopify, Coinbase Launch USDC Payments; Mastercard Expands Crypto Access

Shopify and Coinbase allow merchants to accept USDC stablecoin payments, making crypto transactions easier...

Coinbase Launches Wrapped ADA and LTC on Base, COIN Hits New High

Coinbase has introduced wrapped versions of Cardano (ADA) and Litecoin (LTC) on its Ethereum...

Must Read

A Beginner’s Guide To Cryptocurrency Mining

Cryptocurrency is considered one of the most popular forms of financial assets today. Many of these digital assets operate within blockchain technology which works...