Billionaire VC Peter Thiel Discusses Satoshi’s Identity — Says Bitcoin Is the ‘Most Honest Market We Have’ – Bitcoin News

According to reports, tech billionaire Peter Thiel — the co-founder of Paypal and Palantir — spoke about bitcoin at an event hosted in Miami. At the time, bitcoin had just surpassed its all-time price high and Thiel said “you’re supposed to just buy bitcoin” and added, “I feel like I’ve been underinvested in it.”

Peter Thiel Postulates Meeting Satoshi Nakamoto on a Beach in Anguilla

The tech investor Peter Thiel is a fan of bitcoin (BTC) and has explained this on a few occasions in the past. In mid-May, Palantir Technologies, the American big data software firm, revealed that the company would accept bitcoin for services and was also considering keeping the crypto asset on its balance sheet.

How To Get Free Crypto  

Bloomberg reported that the billionaire venture capitalist said bitcoin is an “already known” secret, speaking at a conference in Miami. In addition to this statement, Thiel reportedly said that he felt “underinvested” in bitcoin.

Furthermore, Thiel also discussed an early encounter with the founders of E-Gold Ltd., the defunct digital gold company. Thiel talked about a theory he has that he may have met Satoshi Nakamoto, the creator of Bitcoin, the day he met with the E-Gold team.

“My sort of theory on Satoshi’s identity was that Satoshi was on that beach in Anguilla,” Thiel is quoted as saying. “I met them on the beach in Anguilla in February of 2000. We were beginning the revolution against the central banks on the beach in Anguilla. We were going to make Paypal interoperable with E-Gold and blow up all the central banks.”

Thiel said there were around 200 people at that initial meeting. “Bitcoin was the answer to E-Gold, and Satoshi learned that you had to be anonymous and you had to not have a company,” Thiel said. “Even a company, even a corporate form was too governmentally linked,” the tech billionaire said.

Coinbase Banner  

Peter Thiel: ‘The Fact That Bitcoin Is at $60,000 Is an Extremely Hopeful Sign’

The Information published another set of statements from Thiel that stemmed from a separate event on Monday. The price rise of bitcoin, Theil said, was a clear indicator that the current political system today is fractured.

“I don’t know that you should put all your money into bitcoin at $60,000 a bitcoin right now,” Thiel said. “But surely the fact that it is at $60,000 is an extremely hopeful sign. It’s the canary in the coal mine. It’s the most honest market we have in the country, and it’s telling us that this decrepit… regime is just about to blow up,” Thiel added.

Thiel has made a few interesting statements about bitcoin in recent times and has alluded to China using bitcoin as a financial weapon against the United States. In 2018, Thiel said that he was “long bitcoin” and that he believed institutional investors would eventually jump into the crypto economy.

The Palantir co-founder has also said that bitcoin was a “deeply contrarian” investment. When speaking about Satoshi Nakamoto, Thiel suggested that if people knew who the inventor of Bitcoin was, “the government would arrest him.”

FreeBitcoin Banner  

What do you think about Peter Thiel’s latest statements about bitcoin and Satoshi Nakamoto? Let us know what you think about this subject in the comments section below.

Tags in this story
Billionaire VC, Bitcoin, Bitcoin (BTC), crypto advocates, crypto assets, crypto economy, Deeply Contrarian, e-gold, E-Gold Ltd., Long Bitcoin, Palantir, Palantir Technologies, Paypal, Paypal co-founder, Peter Thiel, Satoshi Nakamoto, underinvested

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Read disclaimer

Go to Source
Author: Jamie Redman

Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.