The Billion Dollar Bubble—Why I Sold All Of My Bitcoin

In the summer time season of 2000, Thiel turned into the primary investor in PayPal. He later invested $500,000 in Facebook and $10 million in LinkedIn. He additionally has been an energetic supporter of bitcoin and blockchain generation in view that 2012.

Thiel turned into additionally one of the first traders to take gain of the crypto marketplace growth on the give up of 2013. In 2014, he invested $1 million in Filecoin, which turned into valued at $one hundred twenty million at its peak.

In 2017, Thiel have become a critic of Bitcoin and different cryptocurrencies due to the fact they had been too volatile. However, he nevertheless maintained his perception that blockchain generation should remodel society as we understand it.