LATEST: Peter Thiel Wishes He Had Bought More Bitcoin Earlier

Peter Thiel, former PayPal CEO and co-founder of Founders Fund, has confirmed he still holds Bitcoin, though he wishes he had bought more earlier. Speaking at the Aspen Ideas Festival, Thiel responded to CNBC’s Andrew Ross Sorkin, stating, “I still hold some. I didn’t buy as much as I should have.”

Despite his ongoing investment, Thiel expressed skepticism about Bitcoin’s future price potential, adding, “I’m not sure it’s going to go up that dramatically from here.” In February, Reuters reported that Founders Fund had invested $100 million in Bitcoin last year at prices below $30,000.

Thiel’s firm began investing in Bitcoin in 2014, making $1.8 billion by selling before the 2022 market collapse. Known as a longtime Bitcoin advocate, Thiel has consistently emphasized his belief in cryptocurrency, even lamenting during the 2021 bull run that he had not invested enough.


74K Reads