Mr. Barry Silber, CEO of Digital Currency Group, revealed in Raoul Pal's podcast that if he had simply held Bitcoin purchased in 2011, his investment profit could have been much higher. At that time, each Bitcoin was only around 7-8 USD. Noticing Bitcoin's price increase, Silber decided to shift his investment towards emerging cryptocurrency companies. Although he invested in companies like Coinbase, he acknowledged that a better choice might have been holding Bitcoin instead of allocating capital to other projects. This thinking reflects the view that long-term holding could yield higher profits in the volatile cryptocurrency market. This content only provides market information and is not investment advice.
DCG CEO: Holding BTC for a long time will be more profitable than investing
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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