Billionaire hedge fund manager wakes up at three in the morning with a regret

June 14, 2025 03:17 PM PDT | By EODHD

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Billionaire hedge fund manager wakes up at three in the morning with a regret originally appeared on TheStreet. 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 said that every night, he wakes up at about three in the morning and goes: "What an idiot. Why didn’t I invest more in Bitcoin?" Laffont is the founder of Coatue Management, a hedge fund and venture capital firm that invests in technology companies. He made the above remarks while speaking at Coinbase’s State of Crypto Summit in New York on June 12.

Bitcoin's volatility has deterred investors — including even Coatue — during the early years, but Laffont believes emerging factors will make crypto a key part of a portfolio. 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. View Comments

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