Billionaire entrepreneur Peter Thiel says he owns Bitcoin (BTC) and continues his support for this cryptocurrency. However, Thiel states that Bitcoin's price may not rise as "dramatically" as many hope. 📉

Founders Fund, founded by Thiel, invested $200 million in Bitcoin and Ethereum earlier this year. But Thiel thinks Bitcoin's value is unlikely to "rise dramatically" from here.

BTC is currently trading around $60,800, up 100% from last year. Thiel's Founders Fund bought Bitcoin last summer, and at the time it was significantly lower than today's price. However, the digital asset has struggled since surging to an all-time high of over $73,000 in March this year.