Former PayPal CEO, Peter Thiel, has addressed rumors about selling his Bitcoin holdings and discussed his thoughts on the future of Bitcoin’s price. Thiel confirmed that he still holds Bitcoin, although he admitted that he didn’t hold as much as he should have. He expressed some skepticism about the potential for significant price increases in the future. Despite this, Thiel’s venture capital firm, Founders Fund, invested $100 million in Bitcoin when the price was below $30,000, and reportedly made a profit of $1.8 billion by selling before the market crash in 2022. Thiel has been a long-time advocate for Bitcoin, and during the 2021 bull run, he expressed regret for not investing more in the cryptocurrency. Please note that this article does not provide investment advice.
