Peter Thiel's fund invested more than $200 million in the crypt on the eve of the price rally
Silicon Valley's interest in the cryptocurrency market is returning. On the eve of the price rally, the fund of American billionaire Peter Thiel invested millions of dollars in cryptocurrency
Silicon Valley's interest in the cryptocurrency market is returning. On the eve of the price rally, the fund of American billionaire Peter Thiel invested millions of dollars in cryptocurrency
In the summer of 2023, Peter Thiel decided to return to investing in digital assets. The two main investments were Bitcoin and Ethereum. The BTC exchange rate at that time did not exceed the $30 thousand mark. However, the average purchase price of the fund remains unknown. At the same time, considering that now the first cryptocurrency is trading at almost $ 50 thousand, the unrealized profit of the Founders Fund is more than 65%.
In total, Thiel's fund has reportedly invested $100 million in BTC and another $100 million in ETH. Most likely, such a move marks the return of interest from institutional investors in the crypto industry.
Peter Thiel, co-founder of PayPal and Palantir, has repeatedly praised bitcoin. The billionaire called the asset a good store of value, just like gold, and a hedge against the monetary policy of Central Banks.
Founders Fund is known for early investments in technological innovation. Thus, the fund invested in SpaceX and Meta* (recognized by the Russian authorities as extremist and banned in the country).
