Peter Thiel Founders Fund Invests $200M In Crypto With Positive Confidence
Key Points:
- Peter Thiel Founders Fund invests $200 million in Bitcoin and Ether, indicating renewed Silicon Valley interest in crypto.
- The move marks a comeback for the firm in the crypto space after liquidating holdings in the pre-2022 crash.
- Despite setbacks, the crypto market is rebounding, with Bitcoin hitting $50,000 again, albeit below its 2021 high.
Peter Thiel Founders Fund has reportedly made a significant $200 million investment in Bitcoin and Ether before the recent surge in cryptocurrency prices, according to a report by Reuters.
Read more: Ethereum Price Prediction For 2024, 2025, 2026 and 2030: Super Crypto Bull Run
Peter Thiel Founders Fund Reenters Crypto Market with $200 Million Investment
The investment marks a notable return to the crypto market for the venture capital firm, signaling renewed interest from Silicon Valley in digital assets.
Sources familiar with the matter revealed that Peter Thiel Founders Fund began purchasing Bitcoin when it was trading below $30,000 and continued to acquire more Bitcoin and Ethereum over the following months. This move underscores the growing confidence among institutional investors in cryptocurrency markets, which have experienced a resurgence after a tumultuous period in 2022.
Founders Fund, founded by billionaire entrepreneur Peter Thiel, has a history of involvement in the crypto space, having initially invested in Bitcoin back in 2014. The firm later liquidated its holdings before the market crash in 2022, reportedly earning around $1.8 billion in returns.
Bitcoin Surges as Founders Fund Makes Major Cryptocurrency Bet
However, the recent investment signifies a renewed commitment to digital assets, with Thiel himself being a vocal advocate for Bitcoin and its potential as a store of value and hedge against traditional monetary policies.
The investment also highlights the ongoing recovery of the crypto market, which faced challenges following the collapse of major players like the FTX exchange in 2022. Despite this, both Bitcoin and Ether prices have shown signs of recovery over the past year, with Bitcoin recently surpassing the $50,000 mark for the first time in over two years, although it remains below its peak of $69,000 in November 2021.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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Peter Thiel Founders Fund Invests $200M In Crypto With Positive Confidence
Key Points:
- Peter Thiel Founders Fund invests $200 million in Bitcoin and Ether, indicating renewed Silicon Valley interest in crypto.
- The move marks a comeback for the firm in the crypto space after liquidating holdings in the pre-2022 crash.
- Despite setbacks, the crypto market is rebounding, with Bitcoin hitting $50,000 again, albeit below its 2021 high.
Peter Thiel Founders Fund has reportedly made a significant $200 million investment in Bitcoin and Ether before the recent surge in cryptocurrency prices, according to a report by Reuters.
Read more: Ethereum Price Prediction For 2024, 2025, 2026 and 2030: Super Crypto Bull Run
Peter Thiel Founders Fund Reenters Crypto Market with $200 Million Investment
The investment marks a notable return to the crypto market for the venture capital firm, signaling renewed interest from Silicon Valley in digital assets.
Sources familiar with the matter revealed that Peter Thiel Founders Fund began purchasing Bitcoin when it was trading below $30,000 and continued to acquire more Bitcoin and Ethereum over the following months. This move underscores the growing confidence among institutional investors in cryptocurrency markets, which have experienced a resurgence after a tumultuous period in 2022.
Founders Fund, founded by billionaire entrepreneur Peter Thiel, has a history of involvement in the crypto space, having initially invested in Bitcoin back in 2014. The firm later liquidated its holdings before the market crash in 2022, reportedly earning around $1.8 billion in returns.
Bitcoin Surges as Founders Fund Makes Major Cryptocurrency Bet
However, the recent investment signifies a renewed commitment to digital assets, with Thiel himself being a vocal advocate for Bitcoin and its potential as a store of value and hedge against traditional monetary policies.
The investment also highlights the ongoing recovery of the crypto market, which faced challenges following the collapse of major players like the FTX exchange in 2022. Despite this, both Bitcoin and Ether prices have shown signs of recovery over the past year, with Bitcoin recently surpassing the $50,000 mark for the first time in over two years, although it remains below its peak of $69,000 in November 2021.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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