Peter Thiel Doubles Down on Bitcoin, Sees it as Future Internet

PayPal co-founder Peter Thiel has doubled down on his belief in Bitcoin’s future, comparing its trajectory to the explosive growth of the internet during the 1990s. His endorsement comes with significant investment from his firm, Founders Fund, into both Bitcoin and Ethereum. This solidifies Thiel’s position as a crypto advocate and adds fuel to the growing institutional interest in digital assets. Thiel’s move is viewed as a pivotal moment for the cryptocurrency space, potentially leading to increased adoption, regulatory changes, and technological advancements in the coming years.