Peter Thiel on Bitcoin

Peter Thiel

Peter Thiel is an entrepreneur and investor. He previously founded PayPal in 1998, served on the board of Facebook, and was a part-time partner at Y Combinator.

Bitcoin

Created by the pseudonymous Satoshi Nakamoto in 2009, Bitcoin is a peer-to-peer electronic cash system.

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Finance and payments

Bitcoin reviews by Peter Thiel

All Bitcoin reviews by expert Peter Thiel.

2018
Peter Thiel on Bitcoin Partner at the Founders Fund

I would be long Bitcoin, and neutral to skeptical of just about everything else at this point with a few possible exceptions. There will be one online equivalent to gold, and the one you'd bet on would be the biggest.
Full review 🔑

2018-03-15
2017
Peter Thiel on Bitcoin Partner at the Founders Fund

While I'm skeptical of most [cryptocurrencies], I do think that people are underestimating Bitcoin. It's like a reserve form of money, it's like gold, and it's just a store of value. You don't actually need to use it to make payment.

There's about $70 billion worth of Bitcoin in the world. There's $9 trillion worth of gold. If Bitcoin ends up being the cyber equivalent of gold, it has a great potential.
Full review 🔑

2017-10-26