Tom Lee Says Crypto VCs Regret Missing Bitcoin’s Decade-Long Gains
Edited by Steinar Vigdel Kolnes, Editor, Oslo
At TOKEN2049, Fundstrat’s Tom Lee said venture investors he has known for a decade regret not holding bitcoin as its price climbed from below $1,000 to roughly $80,000.
Fundstrat’s Tom Lee said some venture investors he has known for 10 years now wish they had held bitcoin rather than pursued startup investments, according to Bitcoin.com News.
Speaking at TOKEN2049, Lee pointed to bitcoin’s rise from less than $1,000 to about $80,000 over that period. The source characterized the increase as an approximately 80-fold gain.
Lee’s remarks highlighted a retrospective comparison between backing crypto startups and holding bitcoin. The report did not provide individual fund returns or identify the investors he referenced.
Source: Bitcoin.com News
