Peter Thiel, a billionaire, expressed concern that Bitcoin investing is a “known secret.”
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Peter Thiel, PayPal founder and billionaire venture capitalist, said that he should have purchased more Bitcoin as Bitcoin (BTC), hit a new record high of $67,000.
Bloomberg reported that Thiel spoke about cryptocurrencies, central bank and artificial intelligence in a Miami interview hosted by Lincoln Network. Bloomberg reported Wednesday.
Thiel stated, “You’re supposed just to buy Bitcoin,” and added, “I feel like I’ve been under invested.”
According to the tech investor, his main concern when buying Bitcoin was that it was “previously known by everyone.” He added that he believes the answers to this question are still long. He suggested that it might still be enough of a secret.
Thiel stated that the recent Bitcoin rally is a major concern for global central bankers. Thiel stated that the cryptocurrency’s recent surge to new historic highs “surely shows us that we are in a complete bankruptcy time for the central banks.”
Thiel also criticized AI in the interview as an opponent of crypto’s force for centralization. Thiel stated that AI, particularly the low-tech surveillance form, was “essentially communist” and that it is a technology “going to destroy this world.”
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Thiel is one of the most vocal proponents of Bitcoin, claiming that Bitcoin succeeded as currency in 2014. The venture capitalist is also known for calling Bitcoin “a hedge against the whole world falling apart.” Earlier this year, the venture capitalist warned that the Chinese central government may be supporting Bitcoin as a means to undermine the foreign and monetary policy of the United States.
PayPal, which Thiel co-founded back in 1998, has been moving into crypto over the past year. The company officially announced its plans to introduce the ability to buy and sell cryptocurrencies like Bitcoin last October. PayPal has since rolled out crypto services in the U.S. and the United Kingdom.
