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Peter Thiel’s fund wound down 8-year Bitcoin bet before market crash
- MonkeyClub 4y agohttps://archive.ph/vpsVT https://archive.ph/vpsVT
- MonkeyClub 4y agoPersonally favorite excerpt: > In April 2022, about the same time that Founders Fund sold out of most of its cryptocurrency holdings, Thiel said he was optimistic about the future of bitcoin. He told a cryptocurrency conference in Miami that “we’re at the end of the fiat money regime” and suggested its price — which was then trading at about $44,000 — could increase by a factor of 100.