Peter thiel bitcoin 2024
Posted On 07.03.1960
To bring you the best content on our sites and applications, Meredith partners with third party advertisers to serve digital ads, including personalized digital ads. Those advertisers use tracking technologies to collect information about your activity on our sites and applications and across the Internet and your peter thiel bitcoin 2024 apps and devices. Billionaire venture capitalist Peter Thiel has amassed hundreds of millions in bitcoin, according to a report in The Wall Street Journal.
Founders Fund, Thiel’s venture capital firm, is betting on cryptocurrency across a number of recent funds, including one that started in 2017 with its first investments in bitcoin. According to the newspaper’s sources, Founders purchased between 15 and 20 million dollars’ worth of bitcoin, which is now worth hundreds of millions of dollars. It’s unclear if the firm has sold any of these holdings. Founders’s move to actually purchase bitcoins is a split from other venture capital firms which have tended instead to invest in companies and technology that use bitcoin, as opposed to investing in the currency directly. The move is paying off for Thiel at the moment.
3 billion fund, according to The Wall Street Journal. 14,569, based on its value on the Coinbase exchange. Over the past year, the value of bitcoin has shot up rapidly. 20,000 at the end of the year. Other cryptocurrencies like ethereum and Ripple have also enjoyed enormous gains in 2017.