According to American entrepreneur, venture capitalist, and political activist Peter Thiel, he still holds bitcoin (BTC) but is uncertain about the future value of the  cryptocurrency.

Peter Thiel Talks Bitcoin: A Holder With Cautious Optimism

Peter Thiel, the renowned billionaire and co-founder of Paypal, Palantir Technologies, and Founders Fund, shared his thoughts on bitcoin (BTC) during an interview with CNBC. Thiel’s familiarity with bitcoin dates back to 2014 when Founders Fund became one of the earliest institutional investors in the  cryptocurrency, making significant acquisitions of BTC.

The fund later sold its bitcoin holdings before the 2022  crypto market downturn, reaping approximately $1.8 billion in profits. Reports from 2023 indicate that the fund resumed purchasing  crypto assets, including bitcoin, from late summer to early fall of 2023. Thiel only discussed his personal bitcoin holdings on CNBC.

“I still hold some,” Thiel explained to the show host at the Aspen Ideas Festival. “I didn’t buy as much as I should have,” the billionaire investor acknowledged. However, Thiel is significantly more cautious compared to the average bitcoin enthusiast. “I’m not sure it’s going to go up that dramatically from here,” the venture capitalist stated.

What do you think about Thiel’s perspective? Share your thoughts and opinions about this subject in the comments section below.

Source: news.bitcoin.com.