The former CEO of payment company PayPal and billionaire Peter Thiel said he doesn't see the massive growth of bitcoin starting anytime soon.
During the Founders Fund program on CNBC Peter Thiel said that he still has some BTC in his wallets, but not as much as he should have. At the same time, Peter Thiel is not sure when a new batch of buyers will come to the market, as now all eyes are on the results of spot bitcoin ETFs. It is quite possible that the rate will rise by some percentage, but it will be a volatile period with large drawdowns and growth.
Peter Thiel invested in bitcoin back in 2014, and recorded a $1.8 billion profit in 2022 before the rate plummeted, but as it turns out, Peter Thiel has become a bit disillusioned with bitcoin, as he initially saw BTC as anarchic, out-of-control money for governments, but people at the FBI say it would be better if criminals used bitcoin instead of $100 bills, so the technology isn't working the way it should.
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The former CEO of payment company PayPal and billionaire Peter Thiel said he doesn't see the massive growth of bitcoin starting anytime soon.
During the Founders Fund program on CNBC Peter Thiel said that he still has some BTC in his wallets, but not as much as he should have. At the same time, Peter Thiel is not sure when a new batch of buyers will come to the market, as now all eyes are on the results of spot bitcoin ETFs. It is quite possible that the rate will rise by some percentage, but it will be a volatile period with large drawdowns and growth.
Peter Thiel invested in bitcoin back in 2014, and recorded a $1.8 billion profit in 2022 before the rate plummeted, but as it turns out, Peter Thiel has become a bit disillusioned with bitcoin, as he initially saw BTC as anarchic, out-of-control money for governments, but people at the FBI say it would be better if criminals used bitcoin instead of $100 bills, so the technology isn't working the way it should.
AibiemkaWill Bitcoin be priced at $100,000
In the first weeks of March, bitcoin broke all previously set price records. On Wednesday, March 13, the value of the coin exceeded $73,000, and its market capitalization approached $1.5 trillion. In ten years, bitcoin's value has grown by 107365.9%, which has never happened before in the market with any of the assets, including gold, platinum and oil. Naturally, the rapid growth of the VTS price is causing a lot of heated debates on whether the coin can set an all-time record by reachin...
AibiemkaAre cryptocurrencies a financial bubble?
Cryptocurrencies have experienced a rapid rise in popularity in recent years. Their decentralized nature, anonymity and potential for high returns are attracting more and more investments. However, along with this, there is growing concern among some experts about the overvaluation of digital assets and the sustainability of the cryptocurrency market.What is a market bubble?A market bubble is a situation in the market when the price of an asset significantly exceeds its real value, which soon...
AibiemkaTether blocked more than $1 billion in USDT crypto wallets
Hash Telegraph's sources report that Tether is actively blacklisting wallets and blocking users from accessing USDT stablecoins. Following the events of November 2017, when an unknown hacker stole more than $30 million in USDT stablecoins from a Tether Treasury wallet, the issuer of these stablecoins, Tether announced the release of a new version of its Omni Core software client capable of blocking assets and transactions from blacklisted cryptocurrency wallets. In December 2023, Tether ...
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