Happycoin.club - Billionaire Peter Thiel, who founded the venture capital company Founders Fund, does not believe in the continuation of the bullish rally in the Bitcoin market.
During an interview at the Aspen Ideas Festival, Thiel was asked to share his views on Bitcoin. According to him, he is not sure that the Bitcoin rate will increase significantly from its current value. Apparently, the businessman doubts that the pump will resume and the price of the cryptocurrency will update the historical maximum reached in March at $73,794.
Thiel answers a question about bitcoins
Last year, Founders Fund invested $100 million in Bitcoin and Ethereum (ETH). The firm purchased BTC at a rate of about $30,000 before a powerful bull trend and earned impressive profits. And then Peter complained that his organization did not acquire more coins.
Thiel did not respond to a question about whether Founders Fund had sold digital assets. The entrepreneur stated that he still owns some coins. In this regard, speculation arose that the company got rid of at least part of the purchased bitcoins and Ethereum.
Nevertheless, the famous writer and investor Robert Kiyosaki is in no hurry to bury Bitcoin and, on the contrary, predicts an exponential increase in the coin’s rate after the market finds itself in the “Madness Zone”, which is characterized by an incredible pump in the price of the cryptocurrency. Historical data suggests that a market reversal will occur as early as August.
