Peter Thiel Once Said Bitcoin Was 'Systematically Underestimated' For Years — Does This Still Hold True Today?
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Peter Thiel, co-founder of Palantir Technologies, has long been a proponent of Bitcoin, calling it "systematically underestimated" during its early years. In a recent podcast, he compared Bitcoin's rise to the Internet boom, noting its gradual appreciation over a decade. With recent political support from Donald Trump and legislative advancements, many believe Bitcoin is no longer underestimated. Thiel's venture capital firm has profited significantly from Bitcoin investments, and as of now, Bitcoin is trading at $114,657, reflecting a 100% increase over the past year.
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