Peter Thiel: Bitcoin Has Potential To Change The World

Peter Thiel: Bitcoin Has Potential To Change The World

The idea of cryptocurrencies has been around for a while. Peter Thiel, a very famous venture capitalist, and hedge fund manager, gave a talk in 1999 that discussed the possibility of monetary sovereignty, and further, the possibility in rise of encrypted money. Last weekend at the Thiel Foundation Under 20 Summit in New York City, Thiel himself was asked about encrypted money.


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Peter Thiel Claims Bitcoin Has the Potential to Change the World

Peter Thiel, co-founder of PayPal and famed Silicon Valley investor, has revealed he believes bitcoin could make some serious waves in the world of finance. Speaking at the Thiel Foundation Under 20 Summit, last weekend, Thiel said he gave a talk back in 1999 that mentioned the end of monetary sovereignty and how encrypted money was going to "change the world". "I do think bitcoin is the first one of these that has the potential to do something like that," he added. The investor addressed the anti-bitcoin arguments that digital currency is "fake", a temporary "bubble" and "doesn't....

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