PayPal Co-Founder Peter Thiel: Bitcoin Has 'Great Potential Left'

Billionaire investor Peter Thiel believes bitcoin critics are “underestimating” the cryptocurrency’s “great potential” to become the “cyber equivalent of gold”. The bitcoin price has increased nearly 800% in the past year and is currently trading slightly below $6,000, leading many analysts to claim that it is trapped in a “speculative bubble”. Others, like Peter Thiel, believe that these critics are “underestimating the “great potential” that bitcoin has left.

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