If You Invested $1,000 When Peter Thiel’s Fund Repurchased Bitcoin, Here’s How Much You’d Have Today When BTC Is At $100K Per Coin
Posted On December 5, 2024
Influential venture capitalist and co-founder of PayPal Holdings (NASDAQ:PYPL) and Palantir Technologies Inc. (NASDAQ:PLTR), Peter Thiel, is known for his early conviction in Bitcoin (CRYPTO: BTC), and his Founders Fund has been reaping substantial gains from the asset.
What happened: The San Francisco-based venture capital fund reportedly began buying into the leading cryptocurrency in 2014, making a handsome $1.8 billion by selling before the 2022 market collapse.
However, the firm made a bold return, parking nearly $100 million in Bitcoin between late summer and early fall of 2023.
Interestingly, Bitcoin was trading in the $25,000-$30,000 range at the time, right before the bullish run …
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