Paypal co-founder and famous billionaire Peter Thiel spoke about Bitcoin at a conference organized by the Stanford Federalist Association.
Considering Bitcoin’s rebound above $60,000 as an extremely promising sign, Thiel described Bitcoin as the most honest market in the US.
The billionaire, who likened the Bitcoin rally to a “canary in the coal mine”, used the following statements:
“Bitcoin is like a canary in a coal mine. It’s the most honest market we have in the country, and that tells us the frayed regime is about to explode.”
Thiel also described Joe Biden as a “disaster” during his speech.
Introducing himself as a Bitcoin maximalist, Thiel stated in his previous statements that Bitcoin threatens fiat currencies and especially the dollar.
The billionaire’s use of the “canary in the coal mine” analogy for Bitcoin also seems to be relevant to this approach.
Reaching an all-time high during the day, Bitcoin is trading at $66400 as of our news hour.
*Not Investment Advice.