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Peter Thiel's Founders Fund made a strategic investment of $200 million in Bitcoin early fall last year, according to a recent report by Reuters. The investment came before the recent surge in institutional interest in Bitcoin exchange-traded funds (ETFs).

This move by Thiel's VC firm signals renewed optimism in the cryptocurrency market, and the timing seems to have been well-calculated.

I met Peter Thiel once at a LinkedIn launch event in 2002!  He is a wicked smart fellow, love him or hate him!

Comments

Anonymous

Peter ‘tell me something you know to be true’

Anonymous

So are you James.