Peter Thiel Once Explained Why Bitcoin Won’t Go Up ‘Dramatically’ And How It’s Set For A ‘Volatile, Bumpy Ride’ Thanks To BlackRock
Posted On November 9, 2025
Bitcoin’s (CRYPTO: BTC) ongoing struggles have brought renewed attention to comments made last year by Palantir Technologies co-founder Peter Thiel, who predicted that the leading cryptocurrency was unlikely to see a dramatic surge.
Bitcoin Failed To Meet Thiel’s Expectations
During a CNBC interview in June last year, Thiel said he was fascinated by the idea of a “decentralized future of computing” and that Bitcoin remained the “perfect vehicle” for that for a long time.
“I am much less convinced now,” he added. “I’m not sure it’s going to go up that dramatically from here.”
Thiel Predicted A Volatile, Bumpy Ride For BTC
Thiel, who also co-founded payments giant PayPal and …
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