Peter Thiel’s Founders Fund has invested millions of dollars in bitcoin

nRunaway Comment: According to a recent report, Founders Fund, co-founded by well-known investor and PayPal founder Peter Thiel, is moving into the cryptocurrency space. According to anonymous sources, the company bought bitcoin worth 15 million to 20 million U.S. dollars in recent funds. The report said one of the funds had already started the investment by mid-2017, and as a result, the company has now brought hundreds of millions of dollars of return to investors.n
nTranslation: Clovern
According to a newly released report, Founders Fund, a Silicon Valley venture capital firm known for its early investment in Facebook, is moving into the cryptocurrency space.n
The Wall Street Journal quoted anonymous sources as revealing that the Founders Fund, headquartered in San Francisco and co-founded by well-known investor Peter Thiel, bought 15 to 20 million U.S. dollars worth of bitcoin in recent funds.n
Although it is not yet known exactly when these deals will take place, or whether the company now sells these digital assets, one of the funds reportedly started the investment by mid-2017.n
As a result, the report said the company has now brought hundreds of millions of dollars in return for its investors.n
The timing is rightn
According to the CoinDesk Bitcoin Price Index, bitcoin prices mostly stayed around US $ 2,000 to US $ 3,000 between May and July 2017, but strong growth over the past six months reached a record high of nearly US $ 20,000 in December.n
However, given that PayPal, a billionaire co-founder, had already backed bitcoin, the world’s first cryptocurrency, the news may not be as surprising.n
According to CoinDesk, Thiel said in October last year that he believes bitcoin critics “underestimate” the value of cryptocurrencies and that bitcoin is like gold – which means it acts as a long-term value reserve Have more potential, not a daily payment method.n

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