Tech Billionaire Trump Backer Peter Thiel Also A Big Investor In Bitcoin

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It wasn't clear whether Founders had sold any of its holdings, the report said. Since the original report, which was published in The Wall Street Journal, the price of Bitcoin has jumped just over 11%, topping out at $15,000 at the time of writing. During the period, the digital currency hit a high and low of $15,300 and $12,787, respectively.

Secondly, it's shows a shifting of priorities for a Silicon Valley venture capitalist to be putting money into anything but a start up - many thought cryptocurrencies weren't really on their radar until now.

In financing the infrastructure to support bitcoin, investors such as Draper Associates and Andreessen Horowitz have taken a reasonable approach, investing in blockchain technology rather than buying bitcoin itself.

He further advised the bank to put around 1 per cent of Ghana's reserves in bitcoin.

According to Reuters, bitcoin may revisit its December 17, 2017 high of $19,666 in three months, as suggested by its wave pattern. This wave is expected to be totally reversed by an upward wave (5).

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Peter Thiel, via his Founders Fund, has apparently made an sizable bet on the rising value of Bitcoin. The firm's investments in the cryptocurrency space include the crypto-focused hedge funds Metastable Capital and Polychain Capital, bitcoin payment services provider BitPay and bitcoin security platform BitGo.

Peter Theil, is one of the early investors of Facebook, co-founder of PayPal and a member of President Trump's tech advisory council. "If bitcoin ends up being the cyber equivalent of gold, it has great potential".

In October, Thiel reportedly said during an investment conference in Saudi Arabia that people are "underestimating" Bitcoin and he compared the cryptocurrency to gold.

NEO, which was breaking its own records today, closing in on $100, also dropped sharply following Bitcoin's rise.

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