Peter Thiel : has once again endorsed Bitcoin which he recently argued is tantamount to digital gold and much like
gold the billionaire co-founder of PayPal conjectures that the cryptocurrency is destined to be a store of value rather
than a means of payment it's like bars of gold in a vault that never moved he told a CNBC reporter a conversation at the Economic Club of New York last week adding it's sort of hedge of sorts against the whole, world falling apart he also struck a bullish tone on Bitcoin in particular versus other crypto currencies suggesting that the largest cryptocurrency by market capitalization will maintain its position there will be one online equivalent to gold he reportedly claimed and the one you'd bet on would be the biggest despite his prediction teal did not express complete confidence in Bitcoin and speculated that there is a 50 to 80 percent chance that it will have no value in the future nonetheless he also noted that on the flip side there is a twenty to fifty percent chance that it will increase in value probability weighted it's good he told CNBC Till's investments suggest he may be even more bullish on Bitcoin than he lets on as previously reported by coin desk in January Founders Fund of which teal is the co-founder recently purchased between fifteen million dollars to 20 million dollars worth of Bitcoin across several of its funds he has also publicly stated that he believes critics are under estimating the cryptocurrency image credit dan taylor via wikimedia commons the leader in blockchain news coin desk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies coin desk is an independent operating subsidiary of digital currency group which invests in crypto currencies and blockchain start-ups
