If You Invested $1,000 In Bitcoin When Billionaire Peter Thiel Said BTC Might Not Rise 'Dramatically,' Here's How Much You'd Have Made Today

Benzinga01-22 16:42

Billionaire Peter Thiel, a renowned venture capitalist and co-founder of PayPal Holdings and Palantir Technologies, got into Bitcoin BTC/USD investments long before its meteoric bull runs captured the...

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We got the ETF edition, and I don't know who else buys it,\" the venture capitalist said.\nThiel added that the apex cryptocurrency has grown increasingly connected with traditional finance as a result of the launch of spot exchange-traded funds, a deviation from its original cypherpunk, crypto-anarchist narrative.\nSee Also: Michael Saylor’s Proposal To Increase MicroStratagy’s Share Count Approved By Shareholders — More Bitcoin Purchases On The Cards?\nWhen Thiel made these remarks, Bitcoin traded at $60,320.14 per unit. So, if you set aside his skepticism and invested $1,000 in the asset, you'd have received 0.0165 BTC.\nFast forward to January, and the apex cryptocurrency has made significant strides, exchanging hands at $104,988.38 as of this writing. \nSo if you'd have resisted selling, the original investment would have turned $1740.52, netting a return of 74% in just about seven months.\nWhy It Matters: Thiel's venture capital firm, Founders Fund, has had a significant history with Bitcoin, first buying the apex digital asset back in 2014.\nThe fund made a profit of $1.8 billion on its Bitcoin investments by selling just before the 2022 market collapse.\nIt returned to the market between late summer and early fall of 2023, purchasing $100 million worth of Bitcoin.\nInterestingly, in the very same interview where Thiel expressed doubts about Bitcoin, he regretted not purchasing more of the digital currency.\nPrice Action: At the time of writing, Bitcoin was exchanging hands at $104,988.38, up 2.73% in the last 24 hours, according to data from Benzinga Pro. Year-to-date, the leading cryptocurrency has gained 12.41%.\nRead Next: \n\nPresident Trump Signs Executive Order To Pardon Silk Road Creator Ross Ulbricht\n\nPhoto By Mark Reinstein On Shutterstock $BTCBitcoin$105237.99-0.86%WatchlistOverviewMarket News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2505718163"}