Peter Thiel has shared several notable thoughts on Bitcoin over the years, often highlighting its disruptive potential. Here are some of his key quotes:
- “I do think Bitcoin is the first [encrypted money] that has the potential to do something like change the world.” This quote underscores Thiel’s belief in Bitcoin’s transformative capabilities as a decentralized currency oai_citation:5,Peter Thiel quote: I do think Bitcoin is the first [encrypted money] that… oai_citation:4,30 Bitcoin Quotes by Famous People • Virtuse Exchange.
- “Bitcoin is the most honest market we have in the U.S.” Thiel views Bitcoin as a more transparent and reliable market compared to traditional financial systems oai_citation:3,Peter Thiel Said the Bitcoin Secret Is Out, and He Feels Underinvested – Markets Insider.
- “I feel like I’ve been underinvested in it.” Despite his early investments, Thiel has expressed regret for not betting more heavily on Bitcoin, noting that its disruptive power still remains oai_citation:2,Peter Thiel Said the Bitcoin Secret Is Out, and He Feels Underinvested – Markets Insider.
- “It’s a complete bankruptcy moment for central banks.” Thiel has also linked Bitcoin’s rise to a failing traditional financial system, framing it as a challenge to the central banking establishment oai_citation:1,Peter Thiel Said the Bitcoin Secret Is Out, and He Feels Underinvested – Markets Insider.
These quotes reflect Thiel’s longstanding support of Bitcoin, though he remains cautious about its future price potential.
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Peter Thiel has been a long-time investor in Bitcoin, and his venture capital firm, Founders Fund, has made significant moves in the cryptocurrency space. In late 2023, Founders Fund invested $200 million in cryptocurrencies, split evenly between Bitcoin and Ethereum. This investment came during a period when Bitcoin was trading below $30,000, and the timing proved advantageous as the price later surged past $50,000 in early 2024.
Thiel’s involvement with Bitcoin goes back to 2014, making him one of the earliest Silicon Valley figures to back the cryptocurrency. His firm previously made a substantial return of $1.8 billion by selling its Bitcoin holdings before the 2022 crypto downturn, showing an ability to capitalize on both entry and exit points in the market.
Although Thiel remains a Bitcoin holder, he has expressed skepticism about its long-term value, questioning whether its price will see dramatic growth in the future. Despite these concerns, his continued investment suggests he still sees potential in Bitcoin’s role within the broader financial system oai_citation:3,Peter Thiel’s Founders Fund bought $200M BTC, ETH before institutions dived into Bitcoin ETFs oai_citation:2,Billionaire Peter Thiel Remains a Bitcoin Holder but Questions Its Future Value – Bitcoin News oai_citation:1,Peter Thiel’s Founders Fund Made $200M Crypto Bet Last Year.