Tom Lee: Many VC friends say they should have just bought Bitcoin back then Tom Lee @fundstrat shared during his speech at TOKEN2049 @token2049 that he recently had dinner in Taiwan with some VC friends he met a decade ago, back when he was just starting to research Bitcoin. He mentioned that Bitcoin has risen from less than $1,000 to around $80,000 over the past ten years, delivering an approximately 80x return. He initially thought these investors would have achieved even higher returns through project investments. However, they admitted that while their VC returns were decent, in hindsight, it would have been better to simply buy Bitcoin back then. He believes that in this cycle, it's crucial to increase allocations to Bitcoin, Ethereum, and Solana, as these Layer 1 blockchains are likely to capture significant value during this cycle. Source: TOKEN2049