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Peter thiel quote bitcoin
80 percent chance that bitcoin ends up being worthless, and said there's a 20 to 50 percent chance it ends up moving higher. We failed at that, and we just created a new payment system. People have made fortunes off Bitcoin, some have lost money. How can you have a purely digital currency? Bitcoin prices rose on a, wall Street Journal report (paywall) that Peter Thiels investment fund recently made a major wager on the cryptoasset, adding to the list of bigwigs whose support for the market has inflamed the mania. Some of you might be still skeptical about Bitcoin and blockchain technology, but many of world leaders, economists, industry experts, CEOs and investors put their words down and said aloud what they really think.
At a conference in October, Thiel said people are "underestimating" the digital currency. Founders Fund, the venture-capital firm co-founded by Thiel, bought 15 to 20 million worth of bitcoin last year, the Journal said yesterday, citing unidentified sources. "I would be long bitcoin, and neutral to skeptical of just about everything else at this point with a few possible exceptions Thiel said during a conversation Thursday at the Economic Club of New York. But in the meantime, theres a big industry around Bitcoin. .
Peter Thiel was a part of Cayman Islands start-up.
Bitcoin prices have struggled since.
Paypal and Palantir Technologies co-founder has inside knowledge on the technology world.
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The founder of PayPal Inc.
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Bitcoin and its blockchain technology will push the financial institution to reconsider actual ecosystem of infrastructure. Source: FoxBusiness, richard Branson, founder of Virgin Galactic, and 400 businesses. Bitcoin dominated more than 42 percent of total market capitalization among cryptocurrencies Thursday, while ethereum accounted for about 19 percent, according to Coinmarketcap. Source: Bloomberg, bitcoin is a technological tour de force. Source: cnbc, al Gore, former Vice President of the United States. Source: Cryptocoinnews Milton Friedman Economist who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy.
The Bitcoin and Blockchain phenomenon and its power for innovation is inevitable. Bitcoin is exciting because it shows how cheap it can. There's a chance other digital currencies like ethereum could beat bitcoin, and that others down the road may have better features, according to Thiel. There may be other currencies like it that may be even better. Source: Wikipedia, peter Thiel Co-Founder of PayPal PayPal had these goals of creating a new currency.
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