Peter Thiel Once Said Bitcoin Was ‘Systematically Underestimated’ For Years — Does This Still Hold True Today?

Tech billionaire and Palantir Technologies co-founder Peter Thiel was one of the early believers in Bitcoin’s (CRYPTO: BTC) decentralized ethos and described the leading cryptocurrency as a “moderately big invention” not too long ago.

Bitcoin’s Rise Compared To Internet Boom

During the Joe Rogan Experience podcast, which aired August 2024, Thiel dubbed the $2 trillion asset a “pretty big deal” that was “systematically underestimated” in its first 10-11 years.

“It went up smoothly for 10-11 years, didn’t get repriced all at once,” he said. “We are in a world where nothing big ever happens and so we have no way of processing it when something pretty big happens.”