Fundstrat strategist Tom Lee said venture capitalists he met in Taiwan told him their startup returns were acceptable but that they wished they had bought and held bitcoin instead. The source says bitcoin rose roughly 80-fold over a decade, from below $1,000 to around $80,000, though it gives no date for the latter price.
Lee said he favored maximum exposure to bitcoin, ethereum and solana because he expects major Layer 1 blockchains to capture much of the value created in the current cycle. That is his investment view, not a reported result.
