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This article is based on one quote from Peter Thiel, > “I don’t know that you should put all your money into bitcoin at $60,000 a bitcoin right now,” Thiel sai

This article is based on one quote from Peter Thiel, > “I don’t know that you should put all your money into bitcoin at $60,000 a bitcoin right now,” Thiel said. “But surely the fact that it is at $60,000 is an extremely hopeful sign. It’s the canary in the coal mine. It’s the most honest market we have in the country, and it’s telling us that this decrepit... regime is just about to blow up.” which they copy-pasted from https://www.theinformation.com/briefings/8c2365 https://www.theinformation.com/briefings/8c2365

matthewdgreen 5y ago
I'm going to charitably interpret "it's the most honest market we have in the entire country" as tongue-in-cheek, and not a literal claim about the honesty of the Bitcoin market. Because sheeeesh.
- not-elite 5y ago
  I think "honest market" is libertarian-speak for "no government". He's being serious.
- zamalek 5y ago
  "You could put money into BTC, but don't listen to me, wink wink" is a pretty good pump.
  - coralreef 5y ago
    He's pro crypto/bitcoin, but he also called it a Chinese weapon undermining America: “I do wonder whether at this point, Bitcoin should also be thought [of] in part as a Chinese financial weapon against the U.S.,” Thiel said during an appearance at a virtual event held for members of the Richard Nixon Foundation. “It threatens fiat money, but it especially threatens the U.S. dollar.” He added: “[If] China’s long Bitcoin, perhaps from a geopolitical perspective, the U.S. should be asking some tougher questions about exactly how that works.” https://www.bloomberg.com/news/articles/2021-04-07/peter-thiel-calls-bitcoin-a-chinese-financial-weapon-at-virtual-roundtable https://www.bloomberg.com/news/articles/2021-04-07/peter-thi...
    - jcpham2 5y ago
      because China just "ganked" at least four years of BTC block rewards, AFTER developing the billion dollar BTC mining "pick and shovel" industry, now mostly being sold to who? By most estimations China is sitting on / "HODLing" a fortune in BTC. Weaponized global finance. The petrodollar war rages on in crypto land
la6471 5y ago
He gave up on Silicon Valley many years ago too and predicted it’s impending doom. It is still there isn’t it Peter?
- cudgy 5y ago
  Which Silicon Valley is still there? The one that revolutionized computing and brought useful tools to the common man? Or the one that milks common man with addictive software interfaces and sells information about their users to the highest bidder?

matthewdgreen 5y ago

I'm going to charitably interpret "it's the most honest market we have in the entire country" as tongue-in-cheek, and not a literal claim about the honesty of the Bitcoin market. Because sheeeesh.

not-elite 5y ago
I think "honest market" is libertarian-speak for "no government". He's being serious.
zamalek 5y ago
"You could put money into BTC, but don't listen to me, wink wink" is a pretty good pump.
- coralreef 5y ago
  He's pro crypto/bitcoin, but he also called it a Chinese weapon undermining America: “I do wonder whether at this point, Bitcoin should also be thought [of] in part as a Chinese financial weapon against the U.S.,” Thiel said during an appearance at a virtual event held for members of the Richard Nixon Foundation. “It threatens fiat money, but it especially threatens the U.S. dollar.” He added: “[If] China’s long Bitcoin, perhaps from a geopolitical perspective, the U.S. should be asking some tougher questions about exactly how that works.” https://www.bloomberg.com/news/articles/2021-04-07/peter-thiel-calls-bitcoin-a-chinese-financial-weapon-at-virtual-roundtable https://www.bloomberg.com/news/articles/2021-04-07/peter-thi...
  - jcpham2 5y ago
    because China just "ganked" at least four years of BTC block rewards, AFTER developing the billion dollar BTC mining "pick and shovel" industry, now mostly being sold to who? By most estimations China is sitting on / "HODLing" a fortune in BTC. Weaponized global finance. The petrodollar war rages on in crypto land

la6471 5y ago

He gave up on Silicon Valley many years ago too and predicted it’s impending doom. It is still there isn’t it Peter?

cudgy 5y ago
Which Silicon Valley is still there? The one that revolutionized computing and brought useful tools to the common man? Or the one that milks common man with addictive software interfaces and sells information about their users to the highest bidder?