Famous billionaire Peter Thiel regrets not buying more Bitcoin when it was cheap. Also, Peter Thiel sees the high BTC price as a sign of real inflation.
Peter Thiel: You know, $60,000 in Bitcoin…
Billionaire PayPal co-founder Peter Thiel sees the high Bitcoin price as a sign of real inflation. Still, the tech giant does not believe that Bitcoin should be bought at the current level. Peter Thiel adds the following to his explanations on the subject:
You know, $60,000 in Bitcoin… I’m not sure if it should be bought aggressively.
Last month, Peter Thiel described high cryptocurrency prices as a “canary in the coal mine” and claimed it was an ominous sign for the current regime. Recently, the billionaire has harshly criticized the US Federal Reserve for condoning inflation.
Peter Thiel: I regret not buying more Bitcoin when it was cheap!
Fed Chairman Jerome Powell said it could take longer than expected for high inflation readings to drop. Still, Jerome Powell is confident the central bank will use a range of tools at its disposal. Jerome Powell adds the following to his explanations on the subject:
No one should doubt that we will use our tools to bring inflation back to 2%.
Peter Thiel also expressed some regrets for not buying more Bitcoin for cheaper. In October, the number one cryptocurrency closed at $61,355, marking its highest monthly candle in history. cryptocoin.com As we reported earlier, Bitcoin is currently trading below its all-time high of $67,276 and at $62,000.
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