Founders Fund co-founder Peter Thiel said he still holds bitcoin but was not optimistic about its future price potential.
Former PayPal CEO and Founders Fund co-founder Peter Thiel has confirmed he still holds bitcoin, reiterating previous remarks wishing he had bought more earlier.
However, Thiel didn’t sound too optimistic about bitcoin’s price potential, adding, “I’m not sure it's going to go up that dramatically from here.” Founders Fund reportedly first began investing in bitcoin in 2014, making $1.8 billion by selling before the 2022 market collapse. Bitcoin is currently trading for $61,419, according to The Block’s bitcoin price page. The largest cryptocurrency by market cap is down around 5% since the German Government started moving seized bitcoin funds to exchanges last week.
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