Bitcoin’s future price won’t see a dramatic increase from $60,000, says former PayPal CEO Peter Thiel.
The billionaire — who still owns “some” Bitcoin but not as much as he “should have” — isn’t sure where the next batch of buyers will come from now that Bitcoin has had its “ETF edition.”
“I'm not sure it's going to go up that dramatically from here. We got the ETF edition and I don't know who else buys it,” Thiel, a founder at the Founders Fundhe was “underinvested” in Bitcoin back in October, 2021, when the cryptocurrency was rallying towards its previous all-time high of $69,000 set about three weeks later.has a rather impressive history with Bitcoin — having made its first Bitcoin investment in 2014 and profited $1.
“Where I’m less convinced is this question of the ideological founding vision of Bitcoin as a cypherpunk, crypto-anarchist, libertarian, anti-centralized government thing.”“When people in the FBI tell me that they'd much rather have criminals use Bitcoin than $100 bills it suggests that maybe it's not quite working the way it was supposed to.
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