Peter Thiel Bets Big With A Reported $20 Million Investment In Bitcoin

Bitcoin prices were slightly down today despite breaking news that billionaire Peter Thiel has invested a massive amount in the cryptocurrency.

Thiel’s Founders Fund purchased anywhere from $15 million to $20 million in mid-2017, according to The Wall Street Journal and other sources.

The firm’s haul is now worth hundreds of millions of dollars thanks to Bitcoin’s epic price climb last year.

Bitcoin now comprises just 34.4% of the global cryptocurrency market. While this is still a strong position in the global sector, it is a significant decline from the numbers above 60% that we saw toward the end of 2017.

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