Billionaire Peter Thiel has confirmed that he still owns Bitcoin (BTC), but is not as optimistic about its value. 📉 In an interview at the Aspen Ideas Festival, he said that the price of Bitcoin most likely will not “rise sharply.”

Earlier this year, Thiel's Founders Fund invested $200 million in Bitcoin and Ethereum when the price of BTC was hovering around $30,000. BTC is currently trading around $60,800, which is double what it was a year ago.

Thiel noted that he would like to buy more Bitcoin, but remains cautious in his forecasts.