First mentioned: 01/02/2013
Last mentioned: 04/02/2021
Total mentions: 2
Most mentions: 2021
Billionaire entrepreneur, venture capitalist, and political activist of German-American descent, Peter Thiel co-founded prominent companies such as PayPal, Palantir Technologies, and Founders Fund. In 2004, he became Facebook's inaugural external investor. Additionally, Thiel actively supports non-profit research initiatives focused on artificial intelligence, life extension, and sea steading.
Peter Thiel on Bitcoin
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Peter Thiel, one of the co-founders of PayPal, has previously acknowledged that the primary intent behind creating PayPal was to establish a novel online currency. During his presentation at the 2021 Buttonwood Gathering, Thiel elaborated on the genesis of PayPal and provided insights into his perspective on Bitcoin. "PayPal had these goals of creating a new currency. We failed at that, and we just created a new payment system. I think Bitcoin has succeeded on the level of a new currency, but the payment system is somewhat lacking. It's very hard to use, and that's the big challenge on the Bitcoin side."
In 2018, Founders Fund, led by Peter Thiel, made a substantial investment of millions of dollars in Bitcoin. Thiel expressed his perspective on Bitcoin, emphasizing its often underestimated value and drawing parallels between the digital currency and gold. "If bitcoin ends up being the cyber-equivalent of gold it has great potential left."
