Paypal co-founder Peter Thiel said that his “biggest mistake” during the last ten years “was getting too late and too little into bitcoin.'
Peter Thiel Says His ‘Biggest Mistake of the Decade Was Getting Too Late and Too Little Into Bitcoin’
During a discussion published on March 12, 2022, the billionaire entrepreneur and venture capitalist, Peter Thiel discussed how he built Paypal with fellow co-founders Max Levchin, David Sacks, and Luke Nosek. Toward the end of the hour-long conversation, the topic quickly turned to cryptocurrencies and Thiel stressed that his “biggest mistake” during the last ten years “was getting too late and too little into bitcoin.
The discussion host explained that amid Paypal’s rise, a “whole crypto thing going on” and he highlighted how Peter Thiel has “written and spoken a lot about it.” When asked what the group thinks about “payment systems now and crypto,” Thiel responded. The Paypal co-founder remarked:While Thiel Was Super Interested in Bitcoin, He ‘Was Somehow Programmed to Not to See It’
Thiel explained further: “You know, we invested in 2014 in Founders Fund and did reasonably well, but it was on my radar in 2010 and 2011 — We had seen all these crazy cryptocurrency people, at the time at Paypal, it was one of the things that I was actually super interested in and it motivated me, but none of the models quite worked.” Thiel further added:The Paypal co-founder’s statements last week are similar to thehe made in October.
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