Founder of the cryptocurrency conglomerate Digital Currency Group (DCG) Barry Silbert shared his experience of investing in Bitcoin. He noted that he could have made a significant profit if he had simply held onto his Bitcoin instead of spending it on everyday needs.
This is reported by Finway
In 2013, Silbert spent several thousand dollars in Bitcoin to purchase gift cards, which he used, among other things, to buy diapers. According to him, at that time, many were trying to promote Bitcoin as a payment method, and there were services that allowed the purchase of gift cards for transactions.
“I probably spent $2000, $3000, or $5000 in Bitcoin to buy gift cards, which I mostly used to buy diapers,” Silbert stated.
Barry Silbert has not calculated the current value of the assets he spent, but he is confident it would amount to a significant sum. He also talked about his experience working at SecondMarket, which served many seasoned investors. It was there that he came up with the idea of creating a Bitcoin ETF. However, he mentioned that the U.S. Securities and Exchange Commission was not ready for such a product in 2013.
As a reminder, earlier the founder of the Cardano project, Charles Hoskinson, predicted that Bitcoin could reach $250,000 “by the end of 2025 or the next.”
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