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.
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
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.
Source: Bitnewsbot.com / Digpu NewsTex