Peter Thiel’s Fund Invested Millions in Bitcoin

According to the business newspaper Wall Street Journal, Peter Thiel’s venture fund “Founders Fund” has invested millions of dollars in bitcoin.

A total amount of investments reached  $15-20 million. After Wall Street Journal unveiled these bitcoin investments the rate of the digital currency increased by almost 14% having reached a peak of $15,444 recently.

Peter Thiel is a co-founder of PayPal and one of Facebook main shareholders. In October, 2017 at the investors conference he said the following about bitcoin:

“I’m skeptical of most of them (cryptocurrencies), I do think people are a little bit underestimating bitcoin…it’s like a reserve form of money, it’s like gold, and it’s just a store of value. If bitcoin ends up being the cyber equivalent of gold it has a great potential left”, – noted Thiel.

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