Fun

Peter Thiel Says His ‘Biggest Mistake of the Decade Was Getting Too Late and Too Little Into Bitcoin’

News Feed - 2022-03-20 06:03:44

Peter Thiel Says His ‘Biggest Mistake of the Decade Was Getting Too Late and Too Little Into Bitcoin’


During a discussion published on March 12, 2022, the billionaire entrepreneur and venture capitalist, Peter Thiel discussed how he built Paypal with fellow co-founders Max Levchin, David Sacks, and Luke Nosek. Toward the end of the hour-long conversation, the topic quickly turned to cryptocurrencies and Thiel stressed that his “biggest mistake” during the last ten years “was getting too late and too little into bitcoin.” Paypal Co-Founder Peter Thiel Reveals the Biggest Mistake He’s Made in the Last Decade


Last week, the new book dubbed “The Founders” written by Jimmy Soni was discussed at great length during a panel conversation with the co-founders of Paypal. The book called “The Founders: The Story of Paypal and the Entrepreneurs Who Shaped Silicon Valley,” was published last month and the story gives an account of Paypal’s origins.


The callin.com broadcast published on March 12, features the Paypal co-founders Peter Thiel, Max Levchin, David Sacks, and Luke Nosek. While most of the conversation touches on the Paypal origins topic, at the 55:30 mark, the discussion turned to cryptocurrencies. The host of the discussion managed to squeeze in one more question, as he said “it would not be a tech conversation without a little bit of wild-eyed forward-looking statements.”


The discussion host explained that amid Paypal’s rise, a “whole crypto thing going on” and he highlighted how Peter Thiel has “written and spoken a lot about it.” When asked what the group thinks about “payment systems now and crypto,” Thiel responded. The Paypal co-founder remarked: The biggest mistake I made in the last decade was getting too late and too little into bitcoin. While Thiel Was Super Interested in Bitcoin, He ‘Was Somehow Programmed to Not to See It’


Thiel explained further: “You know, we invested in 2014 in Founders Fund and did reasonably well, but it was on my radar in 2010 and 2011 — We had seen all these crazy cryptocurrency people, at the time at Paypal, it was one of the things that I was actually super interested in and it motivated me, but none of the models quite worked.” Thiel further added: With bitcoin, I was somehow programmed to not to see it as much as I should have.


The Paypal co-founder’s statements last week are similar to the declarations he made in October. Speaking at a cryptocurrency event in Miami last year, Thiel told participants that he felt like he was “underinvested in [bitcoin].” Speaking further on the benefits of bitcoin in Miami, Thiel stressed that bitcoin was “the canary in the coal mine — It’s the most honest market we have in the country.” Tags in this story 2010, 2011, 2014, Bitcoin, Bitcoin (BTC), bitcoin discussion, bitcoin Peter Thiel, bitcoin topic, BTC Peter Thiel, callin.com broadcast, Crypto, Cryptocurrencies, Cryptocurrency, David Sacks, Founders Fund, Luke Nosek, Max Levchin, miami, Paypal co-founder, Paypal founders, Paypal origins, Peter Thiel, Peter Thiel bitcoin, Peter Thiel BTC, statements, The Founders


What do you think about the Paypal co-founder Peter Thiel’s statements about bitcoin and his remorse for not getting into it much sooner? Let us know what you think about this subject in the comments section below. Jamie Redman


Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. US Lawmaker Says Bitcoin Is Aligned With American Values, Will Strengthen the Dollar FEATURED | 12 hours ago Co-Founder of Bitmex Predicts Gold Rising to $10K, Bitcoin Marching to $1 Million FEATURED | 2 days ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleMember of St. Maarten’s Parliament Plans to Have His Entire Salary Paid in Bitcoin Cash Next articleCoinbase Sued for Allegedly Selling 79 Unregistered Crypto Securities — Including XRP, Dogecoin, Shiba Inu 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. Bitcoin.com 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 disclaimerShow comments More Popular NewsIn Case You Missed ItBinance Explores Acquisition of Brazilian Securities Brokerage Firm


Leading cryptocurrency exchange Binance is showing its intention of expanding its activities to Brazil. The company announced that it has signed a memorandum of understanding with a regulated securities brokerage firm in Brazil, with the intention of acquiring it. The ... read more.Chinese Authorities Arrest Alleged Masterminds Behind an Online Virtual Currency Pyramid Scheme Kazakhstan Shuts Down Over 100 Crypto Mining Farms US Justice Department Returns Stolen Bitcoin to Victim of Government Imposter Scam RBI Crypto: Indian Government Says Central Bank Has No Plan to Issue Cryptocurrency

News Feed

Helen Partz14 hours agoChatGPT politically biased toward left in the US and beyond: ResearchEven after facing evidence that ChatGPT may have a political bias, the chatbot continued to insist that it and OpenAI were unbia
Law Firm Subpoenas FTX Co-Founder, Top Executives, and Former Alameda CEO Over Voyager Digital Deal
Law Firm Subpoenas FTX Co-Founder, Top Executives, and Former Alameda CEO Over Voyager Digital Deal On Feb. 6, 2023, law firm Kirkland & Ellis issued a subpoena to FTX co-found
3 Stablecoins Command Positions in the Crypto Economy’s Top 10, Another Fiat-Pegged Token Is Close to Joining
3 Stablecoins Command Positions in the Crypto Economy’s Top 10, Another Fiat-Pegged Token Is Close to Joining The last five weeks has been brutal for digital currencies as more t
Last Crash Before The Surge: Why Bitcoin Is Set To Drop Below $107,000
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Bitcoin surges after crypto ETPs notch record $2.7B weekly inflows
Tom Mitchelhill3 hours agoBitcoin surges after crypto ETPs notch record $2.7B weekly inflowsThe price of Bitcoin has pushed to reach new all-time highs above $72,000, spurred by record-breaking weekly inflows into crypto
YouTuber Logan Paul argues CryptoZoo ‘isn’t a scam’ in new documentary
Ezra Reguerra13 hours agoYouTuber Logan Paul argues CryptoZoo ‘isn’t a scam’ in new documentaryLogan Paul said that it was not a scam but a project he was simply “incapable of handling at the time.”7791 Total v
Crypto.com gains approval from Ireland’s central bank
Helen Partz11 hours agoCrypto.com gains approval from Ireland’s central bankThe Central Bank of Ireland has approved 15 different VASPs from June 7, 2024, including Crypto.com, Coinbase, Gemini, Ripple and others.1361
Former Zcash Developer to Lead Twitter’s Decentralized Social Media Project Bluesky
Former Zcash Developer to Lead Twitter"s Decentralized Social Media Project Bluesky On December 11, 2019, the CEO of Twitter announced the company was funding a
Regulated Bitcoin ETPs Skyrocket, Coinshares Cites ‘Unprecedented Interest from Institutional Investors’
Regulated Bitcoin ETPs Skyrocket, Coinshares Cites "Unprecedented Interest from Institutional Investors" The Sweden-based XBT provider Coinshares saw roughly $20
Machine Learning Algorithm Predicts Dogecoin Price From January To December 2025
Este artículo también está disponible en español. CoinCodex’s Machine Learning (ML) algorithm has released its monthly Dogecoin price predictionfor 2025. The Dogecoin f
NFT Sales Jumped 22% Higher This Month With $568 Million in NFTs Sold Across 20 Blockchains
NFT Sales Jumped 22% Higher This Month With $568 Million in NFTs Sold Across 20 Blockchains Non-fungible token (NFT) sales have shown improvement during the last month as 30-day st
Analysts expect Bitcoin price recovery after Fed leaves rates unchanged
Nancy Lubale5 hours agoAnalysts expect Bitcoin price recovery after Fed leaves rates unchangedBitcoin price shows signs of a recovery, but analysts are uncertain whether the strongest part of the correction has passed.33