Peter Thiel Invests in Ethereum, Diversifying Crypto Portfolio

Renowned investor Peter Thiel has made a strategic move by diversifying his cryptocurrency holdings to include Ethereum, reflecting a shift away from purely Bitcoin-focused investments. He recently acquired a significant stake in the Ethereum network, purchasing 833,000 ETH, representing approximately 5% of its total supply. This move follows Thiel’s earlier endorsement of Bitcoin as a significant innovation, further solidifying his support for the technology’s transformative potential.