Peter Thiel on Bitcoin

a photo of crypto expert reviewer Peter Thiel

Peter Thiel is an entrepreneur and investor. He founded Paypal in 1998 as well as Palantir in 2003.

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

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Bitcoin reviews by Peter Thiel

πŸ”‘ 2 positive | πŸ’© 0 negative

2018

  • πŸ”‘

    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.

    2018-03-15 | Full Review

2017

  • πŸ”‘

    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.

    2017-10-26 | Full Review

More Bitcoin reviews

Compare Peter Thiel's Bitcoin reviews with other expert reviews of Bitcoin.

πŸ”‘

I don't have a view on what the ultimate value of a Bitcoin will be nor do I care. I am interested in Bitcoin plain and simply because I believe it can be and possibly will be the financial and transactional protocol for the global Internet.

2013-11-24 | Full Review

πŸ”‘

If something is to displace Bitcoin now, it will have to have sizable improvements and it will have to happen quickly. Otherwise, this network effect will carry Bitcoin to dominance.

2014-01-21 | Full Review

πŸ”‘

Bitcoin takes powers from the central actors and returns it to merchants and consumers, savers and borrowers. Bitcoin brings back some pseudonymity in the transactions, and can be irrevocably traded like cash. And finally, it points a way towards a single currency – it is a bug, not a feature, that we have multiple global currencies with exchangers and transaction fees in between.

2013-11-07 | Full Review

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