PayPal Co-founder Peter Thiel Admits He Underinvested In Bitcoin

Billionaire entrepreneur, venture capitalist, and PayPal co-founder Peter Thiel said he should have bought more Bitcoin. During an interview hosted by the Lincoln Network in Miami on Wednesday, he spoke about cryptocurrencies, central banks, and Artificial Intelligence. Miami has become a hotspot for crypto investors. Several crypto startups recently announced new offices in the city. The PayPal co-founder’s venture capital firm, Founders Fund, was also an early promoter of Miami as a new tech hub. Peter Thiel Praises Crypto During the Miami event, Thiel praised cryptocurrencies and admitted that he may have underinvested in Bitcoin. “You’re supposed to just buy Bitcoin,” he said, adding: “I feel like I’ve been underinvested in it.” Thiel further pointed out that his only hesitation about investing was that he thought “the secret was already known by everybody.” He concluded that “I think the answers are still to go long. Maybe it still is enough of a secret.” He made these statements after Bitcoin blasted to an all-time high of over $67,000 on Wednesday. Thiel deliberated whether it would rise further. “Bitcoin at $66,000. Is it going to go up? Maybe,” He also added that the surge in crypto prices, “tells us that we are at a complete bankruptcy moment for the central banks.” Related Reading | As Bitcoin Makes New ATH, Netflow Hints BTC Will Explode Here In the interview, the tech investor al...