Fundstrat strategist Tom Lee said at TOKEN2049 that some venture capital investors he recently met in Taiwan told him their startup investments had delivered decent returns, but still fell short of the potential gains from simply buying and holding Bitcoin. Lee pointed to Bitcoin’s price move from below $1,000 about 10 years ago to roughly $80,000 now, a rise of around 80x over the period. He added that some venture investors he got to know when he began studying Bitcoin a decade ago now regret not buying the asset directly at the time. Lee also shared his view on positioning for the current cycle, saying investors should maximize exposure to Bitcoin, Ethereum and Solana. He said Layer 1 blockchains are likely to capture a large share of value in this cycle, according to Bitcoin.com News.
Fundstrat strategist Tom Lee said at TOKEN2049 that some venture capital investors he recently met in Taiwan told him their startup investments had produced decent returns, but still lagged the potential payoff from simply buying and holding Bitcoin.
Lee compares VC returns with Bitcoin’s long-term performance
Lee said Bitcoin traded below $1,000 10 years ago and is now around $80,000, marking an increase of about 80x over the decade. He added that some venture investors he met when he started studying Bitcoin 10 years ago now regret not buying Bitcoin directly.
His allocation view for the current cycle
Lee said this cycle should favor the largest possible allocation to Bitcoin, Ethereum and Solana. He also said Layer 1 blockchains will capture a large share of value.
The report was cited from Bitcoin.com News.
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