Peter Thiel revealed in an interview hosted by the Lincoln Network that he feels he hasn’t invested enough of his fortune in Bitcoin (BTC), adding that the rise of cryptocurrencies will spell doom for central banks, reports Bloomberg on October 21, 2021.

Thiel blows up central banks

With the price of Bitcoin (BTC) and other cryptocurrencies continuing to target the moon this bull season, Peter Thiel, the co-founder of PayPal, Founders Fund and Palantir Technologies, has praised decentralized digital currencies, arguing that the success of these innovative assets has in the Proven over the years that the global financial system is unsustainable.

During a recent interview with the Lincoln Network, a nonprofit that claims to be focused on bridging the gap between America’s seat of power Washington DC and Silicon Valley, the 54-year-old billionaire, venture capitalist, libertarian and conservative political funder is headquartered busted banks and a lot of praise for cryptocurrencies.

Peter Thiel optimistic about Bitcoin (BTC)

Although he didn’t disclose the amount of Bitcoin (BTC) he holds in his portfolio, Thiel hinted that he felt he should have been pumping more from his fast $ 4 billion net worth in bitcoin and altcoins.

“You should just buy bitcoin. I feel like I haven’t invested enough in it, ”he said, adding that his main reason for not going all-in on Bitcoin earlier was because he felt that the investment secret was already known to the masses was.

Although he seems to be missing out on huge profits from crypto, Thiel firmly believes that “the answers will be a long time coming. Maybe it’s still secret enough. “

Thiel, who has always been a strong critic of artificial intelligence, used the interview as an opportunity to raise the alarm again about the rapidly evolving technology, arguing that “AI, especially the type of low-tech surveillance, is essentially communist” and that the experts behind it Working Technologies should “think about how they are working on a technology that will destroy the world”.

In related news, in January 2018, Reports It turned out that Thiels Founders Fund had roughly $ 20 million invested in Bitcoin (BTC) and this move has proven very smart as the digital currency has increased in value 400 percent Last year alone, it was trading around $ 64,869 at press time.

As reported from BTCManager in August 2021, PayPal expanded its crypto trading offering to customers in the UK, having previously launched the service in the US in October 2020.

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