[2017-01-02] Peter Thiel’s Founders Fund Makes Monster Bet on Bitcoin

[mikeoneal]

Founders Fund, the venture-capital firm co-founded by Peter Thiel, has amassed hundreds of millions of dollars of the volatile cryptocurrency, people familiar with the matter said. The bet has been spread across several of the firm’s most recent funds, the people said, including one that began investing in mid-2017 and made bitcoin one of its first investments.

Full article here : https://www.nytimes.com/2018/01/02/business/dealbook/2018-business-trump.html

[MARCUS0000]

I m waiting for the CEO of amazon to invest in bitcoin ah ah ah

[iamTom123]

Founders Fund, the venture-capital firm co-founded by Peter Thiel, has amassed hundreds of millions of dollars of the volatile cryptocurrency, people familiar with the matter said. The bet has been spread across several of the firm’s most recent funds, the people said, including one that began investing in mid-2017 and made bitcoin one of its first investments.

Full article here : https://www.nytimes.com/2018/01/02/business/dealbook/2018-business-trump.html

While many Bitcoin 'hodlers' and enthusiasts are entertaining some gloomy ideas and scenarios fro Bitcoin, big investors like this Founders Fund are continually throwing their faith on the number one cryptocurrency and will continue on holding for years to come. Maybe they have the long-term vision in mind while many of us are more concerned on the day-to-day movement of cryptocurrency market. I am sure that in 2018 there will still be more and more big investors getting into Bitcoin especially that there is still a big dip right now though we have to admit it that the market lacks some form of an excitement because of the continuing problems affecting Bitcoin...which we hope should be solved as soon as possible.

[scriptdaddy]

Founders Fund, the venture-capital firm co-founded by Peter Thiel, has amassed hundreds of millions of dollars of the volatile cryptocurrency, people familiar with the matter said. The bet has been spread across several of the firm’s most recent funds, the people said, including one that began investing in mid-2017 and made bitcoin one of its first investments.

Full article here : https://www.nytimes.com/2018/01/02/business/dealbook/2018-business-trump.html

This is the news for this new year. Bil gates should follow peter 

[onrise]

This is a good start for the 2018 with a positive news Hopefully people will start following this and more and more big investors do jump in this technology and this will set the price to rise as big institutional players will buy huge and its demand will automatically be rising if it happens.

[MARCUS0000]

If all these rich people starts to buy bitcoin

[CyberKuro]

$15 Million dollars invested in bitcoin since mid-2017 has worth more than hundreds of millions of dollars right now, such a great investment from rich people.
How about average people? Don't even think to sell your bitcoin, more financial firms will come and buy bitcoin. One thing for sure, bitcoin can reach higher price, if you sell it at the current price, then you will regret it later.
But, how if these rich people start to sell off? Bitcoin price will get corrected, it's a normal thing as a speculative object will always fluctuate based on the demand on the global market.

[LastJedi]

I only heard of this guy yesterday and he is one of the huge whales now with only one one big investment into bitcoin.

This moved the price so much since later in the year.

[PR-Person]

I remember reading a time ago about Paypal had at first received Bitcoin very well, many years ago, and it was heralded as the start of mainstream adoption for the general users of digital money. And then, for some reason I cannot research well enough, Paypal dropped Bitcoin. And I believe today, it is no longer accepted as proper currency and Paypal users keep getting banned for using Paypal to trade Bitcoin.

I know Peter Thiel no longer says for Paypal but I wonder if he had anything to do with any of this history?