Peter Thiel Once Explained Why Bitcoin Won't Go Up 'Dramatically' And How It's Set For A 'Volatile, Bumpy Ride' Thanks To BlackRock

Benzinga · Nov 10 00:31

Bitcoin's(CRYPTO: BTC) ongoing struggles have brought renewed attention to comments made last year byPalantir Technologiesco-founderPeter Thiel, who predicted that the leading cryptocurrency was unlikely to see a dramatic surge.

Bitcoin Failed To Meet Thiel's Expectations

During a CNBC interview in June last year, Thiel said he was fascinated by the idea of a "decentralized future of computing" and that Bitcoin remained the "perfect vehicle" for that for a long time.

"I am much less convinced now," he added. "I'm not sure it's going to go up that dramatically from here."

Thiel...

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