Billionaire Philippe Laffont, who has invested in crypto companies like Bitcoin miner Hut 8 (Nasdaq: HUT) and on-chain analytics platform Dune Analytics, has acknowledged that the thought of pouncing on crypto didn't occur to him earlier.
Laffont drove his argument forward by contrasting how Bitcoin’s price movement in 2022 is significantly different from recent times. While it dipped more than 60% in 2022, it barely fell 5% between April 2 — when President Donald Trump imposed tariff hikes — and April 10 — around when he froze the hikes for all except China for 90 days.
The billionaire investor thinks it's a sign of Bitcoin's maturity that institutional investors are now engaging with it.
However, total circulating Bitcoin worth $2 trillion is too modest in comparison to the world’s net worth of $500 trillion, and it needs to become "more central" to a portfolio for it to be considered significant by people, Laffont noted.
As per Kraken's price feed, Bitcoin was trading at $105,014.93 at press time.
Billionaire hedge fund manager wakes up at three in the morning with a regret first appeared on TheStreet on Jun 14, 2025
This story was originally reported by TheStreet on Jun 14, 2025, where it first appeared.
