In a sincere interview on The trip Podcast with finance strategist Raoul Pal, Barry Silbert– The founder of the Digital Currency Group – delivered a scrubbing assessment of the crypto industry. According to Silbert, 99.9% of the Cryptocurrency is worthless, which offers no real value for the ecosystem. His statement sent shock waves through the crypto world and ignited a new debate that digital assets really have a stay.
These Barry Silbert Crypto views have weight. As one of the earliest institutional investors in Bitcoin, his voice reasoned over the blockchain industry. Silbert, who began investing in Bitcoin (Crypto: BTC) when it acted to just $ 7 back in 2011, has witnessed every step in the crypto market’s development-from Frans technical experiments to trillion dollars’ asset class.
Most cryptotokens are doomed, says Barry Silbert
Silbert explained that despite his fascination for innovation in space, he has become increasingly skeptical of new symbols. “I have always been intellectually curious about everything else that comes out of our space. But for the most part, 99.9% of cryptotocence who is out there is no reason to exist and is worthless,” he said.
His crypto investment philosophy has changed over time. Originally, he went to Bitcoin for its disturbing potential. But after experiencing several boom-and-bust cycles, Silbert began to focus on investing in the infrastructure around bitcoin and blockchain technology rather than individual coins.
“Had I just stuck to Bitcoin, I would actually have done better than making these investments,” Silbert admitted. His perspective is still offering a warning: the majority of tokens that are hyped today can disappear to ambiguity.
Privacy coins still capture Barry Silbert’s eye
While Barry Silbert remains pessimistic in most of the crypto market, he is still hausse on privacy -focused digital currencies such as Zcash (Crypto: ZEC). These coins have lost significant land in recent years, but Silbert believes that they are filling an important niche. “People will realize economic integrity is important to them. There is a version of Bitcoin that is private,” he noted, referring to Zcash and other similar projects.
This view is in line with the broader concerns about digital surveillance and the potential for overreaction of governments and companies. In Silbert’s eyes, privacy coins can still have a role in the decentralized future, although the broader market continues to shrink.
Lessons from Silbert’s Crypto Journey
Barry Silbert’s early journey with Bitcoin is a textbook in market psychology. At one point he thought he had made a brilliant investment, just to later worry that it was a mistake after the price fell. Still, when the asset recovered and rose to new heights, he doubled – not only on Bitcoin, but at companies that built it.
His takeaway? Sometimes the simplest investment is the most profitable. While Silbert supported companies such as Ripple and others that built crypto infrastructure, he admitted that simply keeping bitcoin would have yielded higher returns.
It is a rare moment of openness from one of the most influential figures of the Crypto space and reinforces his broader message: Focus on the few strong players and ignores the noise.
The future of crypto through Silbert’s lens
Barry Silbert’s crypto views offer a strong reality control in a market that is flooded with new symbols and speculative hype. He believes that most of today’s Crypto courses Will not stand the test of the time – and the story can prove him correctly. But his optimism about bitcoin and selected privacy coins shows that there are still meaningful innovation and value in space – only where many expect to find it.
For investors who navigate in the volatile crypto market, Silbert’s insights are a reminder to look beyond the hype and evaluate digital assets with a critical eye. While 99.9% of tokens can be useless, the remaining 0.1% may define the future of finance.
Featured Image: Freepik @ Produtizebro
