Barry Silbert: I spent my bitcoins on the purchase of diapers in 2013

The founder of the Digital Currency Group (DCG) cryptocurrency conglomerate, Barry Silbert said that he could earn “very good” if Bitcoin simply held.

He said that in 2013 he spent several thousand dollars in bitcoins for daily expenses. According to Silbert, at that time many tried to popularize bitcoin as a payment tool. In particular, there were services for the purchase of gift cards that could be used to pay for goods.

“I probably spent $ 2000, $ 3,000 or $ 5,000 in bitcoins to buy gift cards that I mainly used to buy diapers,” Silbert said.

He also added that he did not calculate the current value of these assets, but it would definitely make up a “bunch of money”.

In addition, Silbert spoke about working in Secondmarket, which served tens of thousands of experienced investors. According to him, it was there that he had the idea to create ETF on bitcoin. However, the US Securities and Exchange Commission in 2013 was not ready for such a product.

Earlier, the founder of the Cardano project Charles Hoskinson in the CNBC podcast said that Bitcoin could reach $ 250,000 “until the end of 2025 or the next.”

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Source: Cryptocurrency

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