According to reports, tech billionaire Peter Thiel — the co-founder of Paypal and Palantir — spoke about bitcoin at an event hosted in Miami. At the time, bitcoin had just passed its all-time high and Thiel said “you’re supposed to be buying bitcoin” and added, “I feel like I’ve been underinvested.”
Peter Thiel Postulates Meeting Satoshi Nakamoto on a Beach in Anguilla
The tech investor Peter Thiel is a fan of bitcoin (BTC) and has explained this on a few occasions in the past. In mid-May, Palantir Technologies, the US big data software company, revealed that the company will accept bitcoin for services and also plans to keep the crypto asset on its balance sheet.
Bloomberg reported that the billionaire venture capitalist said bitcoin is an “already known” secret, speaking at a conference in Miami. In addition to this statement, Thiel is said to have said he feels “underinvested” in bitcoin.
Furthermore, Thiel also discussed an early encounter with the founders of E-Gold Ltd., the defunct digital gold company. Thiel spoke about a theory that he met Satoshi Nakamoto, the creator of Bitcoin, on the day he met the E-Gold team.
“My sort of theory on Satoshi’s identity was that Satoshi was on that beach in Anguilla,” Thiel is quoted as saying. “I met them on Anguilla beach in February 2000. We were starting the revolution against central banks on Anguilla beach. We were going to make Paypal interoperable with E-Gold and blow up all the central banks.”
Thiel said there were around 200 people at this first meeting. “Bitcoin was the answer to E-Gold, and Satoshi learned that you have to be anonymous and you don’t have to have a corporation,” Thiel said. “Even a company, even a corporate form was too governmentally linked,” the tech billionaire said.
Peter Thiel: “The fact that Bitcoin is at $ 60,000 is an extremely encouraging sign”
The Information released another set of statements from Thiel that stem from a separate event on Monday. The price rise of bitcoin, Theil said, was a clear indicator that the current political system today is fractured.
“I don’t know if you should be putting all your money in bitcoin at $ 60,000 a bitcoin right now,” Thiel said. “But surely the fact that it is at $60,000 is an extremely hopeful sign. It’s the canary in the coal mine. It’s the most honest market we have in the country, and it tells us that this… decrepit regime is about to explode, ”added Thiel.
Thiel has made a few interesting statements about bitcoin in recent times and has alluded to China using bitcoin as a financial weapon against the United States. In 2018, Thiel said he was “bitcoin long” and believed that institutional investors would eventually get into the crypto economy.
The Palantir co-founder has also said that bitcoin was a “deeply contrarian” investment. Speaking of Satoshi Nakamoto, Thiel suggested that if people knew who invented Bitcoin, “the government would stop him.”
