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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/peter-thiels-investment-firm-boosts-portfolio-with-major-bitcoin-and-ethereum-purchases" rel="noopener noreferrer nofollow">Peter Thiel’s Investment Firm Boosts Portfolio with Major Bitcoin and Ethereum Purchases</a><br></p>
<p style="text-align: justify">Dollar billionaire Peter Thiel’s venture capital company, Founders Fund, strategically acquired $200 million in leading cryptocurrencies <a href="https://en.bitcoinhaber.net/bitcoin-soars-as-market-anticipates-mining-reward-halving" rel="noopener noreferrer nofollow">Bitcoin</a> and Ethereum prior to their price increase. This move comes after the fund liquidated its entire crypto assets in early 2022 for a staggering $1.8 billion ahead of the market downturn. Thiel, a prominent advocate of Bitcoin, has previously voiced his belief that more investments should have been directed towards the cryptocurrency during its peak growth period.</p>
<h2 id="strategic-crypto-acquisitions-precede-market-surge">Strategic Crypto Acquisitions Precede Market Surge</h2>
<p style="text-align: justify">Sources reveal that Founders Fund commenced its Bitcoin purchases when the cryptocurrency was trading below $30,000. Over the following months, the fund expanded its investment to include Ethereum, the second-largest digital currency by market capitalization. These acquisitions were made in anticipation of a market upturn.</p>
<p style="text-align: justify">Thiel, a vocal supporter of Bitcoin, sees the cryptocurrency’s climb in value as a response to the monetary policies of central banks and the instability of traditional fiat currencies. His previous lament over the underinvestment in Bitcoin during high-profit periods underscores his confidence in its financial potential.</p>
<h2 id="prudent-exit-from-crypto-before-2022-s-market-slump">Prudent Exit from Crypto Before 2022’s Market Slump</h2>
<p style="text-align: justify">The Financial Times reported that the Founders Fund strategically divested most of its cryptocurrency holdings in March 2022, right before the market hit a prolonged slump. The fund’s initial investment in Bitcoin during the 2017-2018 bull market was between $15 and $20 million. The recent market data shows Bitcoin making a 4.37% gain in the last 24 hours, trading above $50,000, while Ethereum has marked a 6.54% increase, trading at $2,648.</p>
<p style="text-align: justify">These investments and prior divestments illustrate the fund’s agile approach to navigating the volatile crypto market, capitalizing on trends, and safeguarding its holdings against potential downturns.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/peter-thiels-investment-firm-boosts-portfolio-with-major-bitcoin-and-ethereum-purchases" rel="noopener noreferrer nofollow">Peter Thiel’s Investment Firm Boosts Portfolio with Major Bitcoin and Ethereum Purchases</a></h5>

Peter Thiel’s Investment Firm Boosts Portfolio with Major Bitcoin and Ethereum Purchases

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