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Mutual Fund Manager Ron Baron: I Still Don’t Get Bitcoin

Mutual Fund Manager Ron Baron: I Still Don’t Get Bitcoin



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  1. tldr; Ron Baron, founder of investment management firm Baron Capital, said he still doesn’t get Bitcoin, describing it as a “speculative investment.” “I’m a relatively sophisticated investor and I still don’t get it. It’s a speculative investment,” he added. Baron Capital holds more than 7 million shares of Tesla.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. Ending is gold(or bitcoin?)

    “During the interview with CNBC, he added that one of his doormen invested $800 dollars into Bitcoin about two or three years ago. Baron added that investment grew to $23,000 before falling to $15,000, at which point Baron suggested the doorman sell his Bitcoin to buy Tesla shares—although he bought a Tesla car instead.”

    Some people stay as doormen even if they have the advantage of investing early in bitcoin. Some people stay rich even if they come late (through tesla shares) to the crypto party. There is a lesson here…

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