Former PayPal CEO Peter Thiel said he still owns Bitcoin and wishes he had bought more – DiarioBitcoin

The former CEO of PayPal remains an enthusiast and investor of Bitcoin, And while he wishes he could have bought more in the past, he doesn’t believe the digital currency will see as steep an increase as seen in previous years.

***

• Thiel remains a user of Bitcoin, has not sold all its assets
• still preserve Bitcoin, and regrets not having bought more in the past
• Both Thiel and his company, Founders Fund, have invested in Bitcoin at strategic moments
• At the moment Bitcoin goes through a bear market and is around USD $60,000 per unit

The co-founder of Founders Fund and former CEO of PayPal, Peter Thiel confirmed that he still maintains Bitcoin among his assets, reiterating that he should have taken advantage in the past to increase his holdings when he could do so.

Peter Thiel still has Bitcoin

Thiel’s revelation came about during an interview conducted by the network CNBC, in which he offered a few details about his position on Bitcoin, a currency of which he remains a supporter to this day.

When asked about his holdings, Thiel said: Bitcoin, he commented:

I still have some [bitcoins]I didn’t buy as much as I should have.

Despite this, Thiel did not seem to be very in favor of a possible sharp increase in the price of Bitcoin, So he said he wasn’t very sure “that it will rise so drastically from now on”comparing with other moments where there were significant increases.

Let’s keep in mind that Thiel is listed as an enthusiast of the main digital currency, so both personally and institutionally he has allocated capital to acquire Bitcoin. His venture capital firm, Founders Fund, invested around USD $100 million in BTC in February of last year, this when the cryptocurrency was trading below USD $30,000 per unit.

However, this firm had already invested in the digital currency since 2014, which bore important results before the market collapse in 2022, since such investments reported profits of USD $1.8 billion at the time of their sale.

Interesting time for Bitcoin

Thiel’s revelations come at a time when the price of Bitcoin and the crypto market face downward pressure, which coincides with certain events that have occurred in recent days.

First of all, the performance that the ETFs have had stands out. Bitcoin in the US, which went through a season of important departures, putting pressure on supply and demand in the main exchanges.

In addition to the above, there are reports of the start of the Mt. compensation plan. Gox, which would formally begin in July and could represent the income of some 141,000 BTC to the market, unbalancing supply and demand.

There are also the moves made by the German and US governments, which are sending significant amounts of BTC for sale on major local and international exchanges.

For now, at the time of editing, the price of Bitcoin It is at USD $60,697 per unit, a figure that represents a drop of 1.5% in the last 24 hours.

Article by Angel Di Matteo / Bitcoin Diary

Picture of BitcoinDiary, free to use, under public domain license

WARNING: This is an informative article. DiarioBitcoin is a media outlet, it does not promote, endorse or recommend any particular investment. It is worth noting that investments in cryptoassets are not regulated in some countries. They may not be suitable for retail investors as the entire amount invested could be lost. Check the laws of your country before investing.