Peter Thiel Thinks Detractors are Underestimating Bitcoin

Speaking at the Financial Investment Initiative event the former founder of PayPal thinks that bitcoin detractors could be underestimating the currency’s potential; as CoinDesk reports, “underestimating [it] especially because … it’s like a reserve form of money, it’s like gold, and it’s just a store of value. You don’t need to use it to make payments.”; he has in the past criticized bitcoin and is not bullish on all cryptocurrencies. Source.

  • Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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