Aspen

Bitcoin

when

<p class="is-style-lead">Billionaire entrepreneur Peter Thiel says he still holds Bitcoin (BTC) and continues to support for the benchmark cryptocurrency.</p> 
<p>Thiel has something else to say about Bitcoin – specifically about its price. The entrepreneur and founder of venture capital firm Founders Fund says that the price of Bitcoin may not rise as “dramatically” as many hope. Thiel shared this view during an <a href="https://www.cnbc.com/video/2024/06/28/peter-thiel-still-holds-some-bitcoin-but-isnt-sure-the-price-will-rise-dramatically.html" target="_blank" rel="">interview</a> at the Aspen Ideas Festival in Colorado on Thursday.</p> 
<h2 class="wp-block-heading" id="peter-thiel-still-holds-bitcoin">Peter Thiel still holds Bitcoin</h2> 
<p>During the interview, in which Thiel commented about Nvidia, TikTok and the upcoming US elections, CNBC’s Andrew Ross Sorkin asked Thiel whether he still held his Bitcoin.</p> 
<p>Thiel replied that he “still holds some”, adding that he did not buy as much as he would have wished. But when commenting on the market outlook, specifically on Bitcoin price, he shared some caution.</p> 
<p>According to Thiel, it’s unlikely that the flagship crypto asset’s value will “go up dramatically from here.” The view contrasts with some of the most bullish predictions for Bitcoin in the space.</p> 
<h2 class="wp-block-heading" id="thiel-s-founders-fund-bought-200-million-btc">Thiel’s Founders Fund bought $200 million BTC</h2> 
<p>In February this year, reports suggested Thiel’s Founders Fund had <a href="https://crypto.news/peter-thiels-founders-fund-reportedly-spent-200m-on-crypto/">invested $200 million in Bitcoin and Ethereum</a>, with $100 million each going to BTC and ETH. The fund purchased the leading cryptocurrency with prices hovering around $30,000 in the summer of 2023.</p> 
<p>The fresh purchases came after Founders Fund reportedly liquidated all of its Bitcoin that it first acquired in 2014, with selling done before the <a href="https://crypto.news/crypto-market-2022-2023/">devastating bear market crash of 2022</a>.</p> 
<p>Notably, BTC currently trades around $60,800, up 100% in the past year. Interestingly, Thiel’s Founders Fund bought Bitcoin last summer – and price was markedly lower then compared to today.</p> 
<p>While the digital asset has struggled since reaching an all-time high above $73,000 in March this year, BTC price is up 37% year-to-date (at the time of writing).</p>

Bitcoin price may not rise that ‘dramatically,’ Peter Thiel says

Tabla de contenidos

crypto.news

Otros artículos publicados el 28 jun 2024

Kraken CEO Jesse Powell Donates $1M in Trump Campaign

MicroStrategy Shares Soar 115% YTD, Outperforming Bitcoin

MBAG Aces the Market with Best Presale in 2024, Raising $3M+ While EOS, Brett Struggle

Cryptocurrencies That Can Deliver Life-Changing Gains This Cycle

Arpa Network Enhances Data Privacy Using Blockchain Technology

Bolivia Opens Doors to Cryptocurrency Trading After 4 Years Of Ban

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!