Investor Peter Thiel has reportedly made an all-in, rather giant, bet on bitcoin. Mainstream financial press is reporting his venture capital fund purchased and held the digital asset through last year’s thousand percent-plus gains, making the decentralized currency one of his firm’s most valuable investments.
Peter Thiel, Bitcoin Astronaut, Moves Markets with Crypto Moonshot
Peter Thiel
Peter Thiel’s Moonshot Bet
“Founders Fund, the venture-capital firm co-founded by Peter Thiel, has amassed hundreds of millions of dollars of the volatile cryptocurrency,” bitcoin, the Wall Street Journal is reporting. “The bet has been spread across several of the firm’s most recent funds,” they claim, citing unnamed sources, and include “one that began investing in mid-2017 and made bitcoin one of its first investments.”
Paypal? They chortled; we have credit cards! Won’t make money. Facebook? They dismissed; Myspace exists! Doomed to failure. Donald Trump? They howled; Hillary Clinton has it in the bag! There is no way he can become President. Bitcoin? They mocked; it’s used only by weirdos and geeks! It died in 2011.
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https://news.bitcoin.com/96286-2/
