Billionaire entrepreneur, venture capitalist, and PayPal co-founder Peter Thiel said he should have bought more Bitcoin.
Tech billionaire Peter Thiel said that he’s “underinvested” in Bitcoin during an appearance in Miami, adding that the rise of cryptocurrencies “tells us that we are at a complete bankruptcy moment for the central banks.”
Miami has become a hotspot for crypto investors. Several crypto startups recently announced new offices in the city. The venture capital firm of PayPal’s co-founder, Founders Fund, was also an early promoter of Miami as a new tech hub.
At the Miami event, Thiel praised cryptocurrencies and admitted that he may have underinvested in Bitcoin. “You’re just supposed to buy BTC. I feel like I’ve been underinvested.” Thiel further pointed out that his only hesitation in investing was that he believed “the secret was already known to everyone”. He finished by saying: “I think the answers are still long. Maybe it’s still quite a secret.”
He made the statements after Bitcoin hit an all-time high of $67,000 on Wednesday. Thiel deliberated if he would increase further. “BTC to $66,000. Is it going to go up? Maybe.” He also added as the crypto price spike, “tells us that we are at a time of complete bankruptcy for them. central banks.”
Another bitcoin futures ETF from asset management firm VanEck is set to start trading next week. Following the ProShares fund that hit the market Tuesday.
It is worth noting that Thiel’s companies – PayPal and Palantir – both offer crypto-related services to their clients. The former recently allowed UK customers to buy, sell, and hold multiple digital assets. Including Bitcoin and Ethereum, directly from their accounts. In its turn, Palantir accepts BTC as a payment method and even considered adding it to its balance sheet.