Bitcoin is the “new world currency” Peter Thiel wanted PayPal to be

[imsofia0312]

Bitcoin prices rose on a Wall Street Journal report (paywall) that Peter Thiel’s investment fund recently made a major wager on the cryptoasset, adding to the list of bigwigs whose support for the market has inflamed the mania. But the PayPal co-founder is no [Suspicious link removed]iviste—he’s had a vision for a stateless digital currency for nearly two decades.

Founders Fund, the venture-capital firm co-founded by Thiel, bought $15 to $20 million worth of bitcoin last year, the Journal said yesterday, citing unidentified sources. Those holdings are now reportedly worth hundreds of millions, as bitcoin’s price climbed 14-fold in 2017. Bitcoin rose as much as 13% to $15,392 on the CoinDesk price index in the 24 hours since news of the Founders Fund holdings broke.

When Thiel started PayPal, he never saw it as simply a payment mechanism for eBay sales, or a way for millennials to split bar tabs. In a Reddit “Ask Me Anything” session in 2014, Thiel talked about his failure to deliver on his original ambition to turn PayPal into a “new world currency.” (The company’s website now says it’s “committed to democratizing financial services.”)

[paolo099]

this is what i'm saying for months, BTC can become the new form of payment like Paypal, this is the best thing it can happen for the crypto world.
Nothing can overtake banks and money but can grow and become another form of payment (simplified or not).

[BitcoinHodler]

Bitcoin rose as much as 13% to $15,392 on the CoinDesk price index in the 24 hours since news of the Founders Fund holdings broke.

you mean it went back to the medium which you may even call the normal price. the price which it was at 7 days before and now it is at $14.5k which is the exact middle line of the sideway movement for the past 13 days!

if this news had any real effects price should have been $17000 already if you ask me.

to turn PayPal into a “new world currency.” (The company’s website now says it’s “committed to democratizing financial services.”)

centralized services such as PayPal will never do such a thing.