Source: Cointelegraph Original: "{title}"

Digital Currency Group CEO Barry Silbert stated that if he had only held Bitcoin (BTC) instead of investing in early crypto projects, he could have achieved higher investment returns.

In the April 17 episode of Raoul Pal's "Journey Man" podcast, Silbert revealed that he discovered Bitcoin in 2011 and purchased it at a price of $7-8 each. As the price of Bitcoin soared, Silbert began looking for early crypto companies to invest in. Silbert told Raoul Pal, "I made a lot of investments with Bitcoin at that time, and you would think that if you invested in Coinbase, it should be very successful. If I had just held Bitcoin, I would actually have made more than those investments."

Silbert's comments come as Bitcoin maximalists, such as Strategy co-founder Michael Saylor, predict that Bitcoin's price will reach seven figures in the next decade, and as Bitcoin gains increasing attention among global governments.

Bitcoin could rise to $1 million if the U.S. starts buying

Zach Shapiro, head of the Bitcoin Policy Institute (BPI), recently predicted that if the U.S. government purchases 1 million Bitcoins, the price could reach $1 million each.

In an interview on the April 16 episode of the Bitcoin Magazine podcast, Shapiro stated, "If the U.S. announces that we will purchase 1 million Bitcoins, it will be a seismic shock globally."

Bo Hines, executive director of the White House Cryptocurrency Task Force under President Trump, stated that the task force is exploring several budget-neutral strategies to increase Bitcoin in the U.S. strategic reserves.

These strategies include reassessing the U.S. Treasury's gold reserves, which are currently officially priced at $43 per ounce, while the market price has reached a record $3,300 per ounce, and funding Bitcoin purchases through trade tariffs.

Bitcoin has been proposed by President Trump and several market analysts as a way to eliminate or mitigate the growing national debt.

Asset management firm VanEck stated that if the U.S. Treasury issues long-term bonds with Bitcoin exposure, Bitcoin could help reduce the $36 trillion national debt by $14 trillion.

Related: Huaxia launches Hong Kong's second Ethereum ETF and adds staking features.

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