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Cryptocurrency News Articles
Peter Thiel Believes Bitcoin (BTC) Can Still Go Up But It Will Be a Bumpy Ride
Jun 30, 2024 at 01:00 pm
After briefly showing signs of improvement following the first Presidential Debate of 2024, Bitcoin [BTC] has retreated once more.
PayPal co-founder and billionaire venture capitalist Peter Thiel has expressed pessimism about Bitcoin's future price growth potential.
In a recent interview with CNBC, Thiel stated that while Bitcoin can still rise in value, the ride will be "volatile" and "bumpy." He added that he is not sure Bitcoin will go up "that dramatically" from its current price level.
Thiel's comments come despite his company, Founders Fund, making a strategic investment of $100 million in Bitcoin when the cryptocurrency dropped below $30,000 in early 2024. Founders Fund also entered the Bitcoin market in 2014, making a reported $1.8 billion in earnings from selling before the 2022 market decline.
However, Thiel has expressed regret over not capitalizing enough on Bitcoin's 2021 bull run, telling CNBC that he "didn't buy as much as [he] should have."
Despite his pessimism about Bitcoin's future price growth, Thiel's prior views on the cryptocurrency mirror those currently held by MicroStrategy CEO Michael Saylor. Saylor has been a vocal proponent of Bitcoin, describing it as the "cure" to economic ills and urging people to buy the cryptocurrency "as fast as you can."
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- U.S. Treasury Slams Iranian Exchange BitBank with Sanctions Over Alleged IRGC Bitcoin Transfers
- Sep 21, 2026 at 04:05 am
- The U.S. Treasury Department has sanctioned Iranian crypto exchange BitBank, alleging its involvement in funneling Bitcoin to the IRGC. This action tightens the noose on Iran's digital asset infrastructure.
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- Crypto Crossroads: Best Crypto to Buy Amidst SEC Regulation & the Rise of Pepeto
- Sep 21, 2026 at 04:05 am
- Amidst evolving SEC regulations, a new player, Pepeto, emerges as a potential 'best crypto to buy', offering innovative tools and early-bird opportunities, contrasting with established giants and fading meme coins.
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- One Attacker, Multiple Tokens: Inside the Fetch.ai Breach - A New York Minute
- Sep 20, 2026 at 08:05 pm
- The Fetch.ai breach, initially thought to be a $1.5M FET token theft, has ballooned into a multi-token saga involving NTX, AGIX, and WMTX, with total attacker holdings now topping $17M. This incident highlights the critical difference between stolen and newly minted tokens, revealing deeper security implications beyond initial financial losses.
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- Bitcoin, Altcoins, & Crypto-currency: A Market Surge Driven by Regulation and Innovation, Not Just Memes
- Sep 20, 2026 at 08:05 pm
- Bitcoin's unexpected leap past $80,000 ignited a broader crypto rally, fueled by shrewd regulatory moves and a distinct shift towards altcoins with genuine utility and revenue streams. This isn't your grandma's crypto market anymore.
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- Pundits Weigh In: XRP's Future Role as Digital Currency Infrastructure and Potential Price Surges
- Sep 20, 2026 at 08:05 pm
- Recent analyses and discussions among crypto pundits highlight XRP's potential as foundational digital currency infrastructure and speculate on significant price increases, sparking debate among XRP holders.
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