Peter Thiel enters cryptocurrency market.

Sona59

In Silicon Valley's investment circles, Peter Thiel, known as the godfather of venture capital, has recently been revealed to have entered the market and bought Bitcoin and Ethereum at last year's lows, and now he's reaping huge profits, especially with Bitcoin hitting the $50,000 milestone!

Let's take a closer look at who Peter Thiel is! Not only is he one of the founders of PayPal, but also one of the first external investors in Facebook, earning him the title of the investment king of Silicon Valley. And he's a big player in cryptocurrency investment himself! Behind Bitcoin hitting the $50,000 milestone, news has emerged that Peter Thiel's venture capital firm, Founders Fund, invested $200 million in cryptocurrencies last summer and early autumn.

This includes half in Bitcoin and half in Ethereum, making it a dark horse in the market. According to insiders, the average purchase price for Founders Fund could have been around $26,000 for Bitcoin and $1,800 for Ethereum, now yielding a profit of around $140 million. It's reported that Founders Fund started buying when the Bitcoin price was below $30,000 and continued to purchase more Bitcoin over the following months, showing renewed strong interest in the cryptocurrency market. This is not the first time Founders Fund has ventured into the cryptocurrency field.

As early as 2014, the company became one of the earliest investors in cryptocurrencies, actively acquiring stablecoins. Before the collapse of FTX in 2022, Founders Fund cleverly sold its holdings, making a profit of about $1.8 billion, demonstrating its accurate investment decisions. Founders Fund currently manages assets exceeding $12 billion and is an early investor and major shareholder in many well-known companies such as SpaceX and Meta.

In addition to its eye-catching performance in the cryptocurrency field, another ace up Peter Thiel's sleeve is artificial intelligence. As a serial entrepreneur, he owns the renowned data company Palantir, which provides data analysis services to government agencies, the military, and businesses. Over the past year, due to the sharp increase in demand for artificial intelligence, Palantir's stock price has soared from a low of $7.19 to around $25.50, achieving a more than threefold increase. This success story once again confirms Thiel's outstanding vision and entrepreneurial ability in the field of technology.

Samiksha

Some people are just that good.

Ritu77

I didn't expect him to make so much money.

Iravan774

Looks like this guy is also a godfather-level figure in the crypto world.

Ritu13

He also has a great vision.