Bitcoin Enthusiast Peter Thiel Joins Trump Transition Team

“A page in the book of history has turned, and there is an opening to think about some of our problems from a new perspective,” the gay Bitcoin enthusiast, Peter Thiel, who will serve on Donald J. Trump’s presidential transition team, told the New York Times after the election. “I’ll try to help the president in any way I can.” Since Donald J. Trump assumed the role of president-elect in last Tuesday’s U.S. election, much scrutiny has been put on his statements and team as the transition begins between President Obama and Mr. Trump. President-elect Trump appointed a litany of Republican....

Donald Trump met with tech executives last week. Trump transition team member, billionaire technologist Peter Thiel, whose oversees funds with Bitcoin investments, sat to the president-elect Trump’s left. Incoming Vice President Peter Thiel was on the president-elect’s right. At one point Mr. Thiel, with money in startups like BitPay, and Mr. Trump embraced hands. The people who run some of the most valuable companies in the US were there at the meeting, which has been dubbed the “Trump Tech Summit”, including Apple CEO Tim Cook and Larry Page from Alphabet/Google. Palantir CEO Alex Karp,....

President-elect Donald John Trump seems to have a lengthy to-do list when it comes to “making America Great Again.” This apparently includes meeting with, and potentially hiring many Bitcoin advocates and executives to join him in his administration. Trump Set to Shake Things Up. Yesterday, Trump met with two more people aligned with Bitcoin and its supporters for potential positions in Washington. This movement started with Peter Thiel, PayPal co-founder (with Tesla’s Elon Musk), and initial financier of Facebook, who has been a part of Trump’s political Transition Team since the election....

Over the past few years, Peter Thiel, a prominent venture capitalist with a net worth of $2.7 bln, spoke of the threat Bitcoin poses to fiat money and the financial freedom it grants to its users. Thiel, who appeared on the Economist’s Keynote interview, stated: "It becomes a threat to fiat money at a point where Bitcoin is encrypted in such a robust way that the tax authorities can't break the encryption, can't tell how much money you have, and what transactions you are doing." Trump’s transition team involvement. Currently, Thiel’s stance on Bitcoin is notable considering his....

Billionaire tech investor Peter Thiel, whose Founder’s Fund invested in Bitcoin payment’s startup BitPay, recently gave $1.25 million to Republican candidate for President, Donald Trump, “through a combination of super PAC donations and funds given directly to the campaign.” As the New Yorker Magazine writes, Thiel’s willingness to show some seven-figure support for Trump at this late stage might signal that Thiel wants to stay in Trump’s circle even after the polls close and the votes are tallied. Widespread speculation holds that Trump (possibly with the help of his son-in-law Jared....