Peter Thiel has once again endorsed Bitcoin, as he recently argued Bitcoin is tantamount to digital gold.
Last week, the billionaire co-founder of PayPal said “It’s like bars of gold in a vault that never move,” he told a CNBC reporter during a conversation at the Economic Club of New York, adding:
“It’s sort of hedge of sorts against the whole world falling apart.”
He also struck a bullish tone on Bitcoin in particular – versus other cryptocurrencies – suggesting that the largest cryptocurrency by market capitalization will maintain its position.
“There will be one online equivalent to gold,” he reportedly claimed, “and the one you’d bet on would be the biggest.”
Thiel’s investments show he is bullish on Bitcoin. As previously reported by CoinDesk in January, Founders Fund, of which Thiel is the co-founder, recently purchased between $15 million to $20 million worth of Bitcoin across several of its funds.
He has also publicly stated that he believes critics are “underestimating” the cryptocurrency.
Sau ntawv: Sara Bauer