When it comes to investments, hindsight can sometimes be 20/20—a lesson that Kraken co-CEO Arjun Sethi learned the hard way.
Arjun Sethi is the co-CEO of Kraken and the chairman/co-founder of Tribe Capital, known for bridging operating leadership with venture investing across crypto and frontier technology. He became Kraken’s co-CEO in October 2024 after serving on the company’s board since 2021, stepping in to lead alongside David Ripley.
Bitcoin had a value close to $0 when it was first mined, back when Sethi says he was gifted some. Today, each Bitcoin is worth more than $115,000.
“Are we in a bubble or not? If I look at the overall slope over 15 years, I would say no,” said the Kraken executive. “If you look at it quarter by quarter, the answer is yes, we get into those bubbles all the time.”
Kraken, the crypto exchange he now leads was reportedly last valued at $15 billion.
Sethi isn’t the first investor to look back with regret.
But investor remorse isn’t limited to the crypto industry.
