PayPal Co-Founder Peter Thiel Says He Wishes He’d Invested More in Bitcoin


PayPal and Palantir co-founder Peter Thiel has said he regrets not investing enough in bitcoin. During an event in Miami, Thiel praised cryptocurrencies and admitted that he may have invested less in bitcoin. “You just have to buy bitcoin,” he said, “I think I am under-invested in it.” Thiel, who is also a billionaire entrepreneur and a staunch believer in virtual currency, said that his only hesitation about investing in the popular crypto-asset was that he felt “the secret was already known to all.”

according to a bloomberg reportThiel, a moderate, was speaking in an interview conducted by the Lincoln Network in Miami, where he was asked to talk about cryptocurrencies, central banks and artificial intelligence. Thiel suggested that cryptocurrency, in essence, was too liberal in concept, adding that artificial intelligence (AI) was communist.

speaking at a time when Bitcoin (BTC) has violated all time high and made a new impression, Thiel said he would not be surprised if the popular cryptocurrency Will continue her rally soon. Conversely, this incident showed that central banks were not functioning properly.

“Bitcoin at $66,000. Is it going to go up? Maybe. But it certainly tells us we are in a moment of complete bankruptcy for central banks,” said Thiel, adding that “the force for decentralization” The biggest advantage of the digital asset industry is . On the other hand, speaking on the development of artificial intelligence, he said, “a particularly low-tech, surveillance form, is essentially communist,” because of its centralized nature.

Thiel has long been a supporter of bitcoin. Back in 2018, when the BTC price was not at its greatest level, the entrepreneur said he would rely on investing in bitcoin for the long haul. The PayPal co-founder, who previously identified himself as a “pro-crypto, pro-Bitcoin maximalist,” explained earlier in the week how bitcoin’s current rally points to problems with the US political system.

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