As Bitcoin (BTC) set a new all-time high above $ 67,000, PayPal co-founder and billionaire venture capitalist Peter Thiel said he should have bought more Bitcoin.
Thiel spoke about cryptocurrencies, central banks and artificial intelligence during an interview in Miami hosted by the policy think tank Lincoln Network, Bloomberg reported Wednesday.
“You’re only supposed to buy Bitcoin”Thiel said, adding: “I feel like I haven’t invested enough in him”.
The tech investor noted that his only concern about buying Bitcoin was that the investment secrecy “Everyone already knew him.” “I think the answers are still going long-term. Maybe it’s still a real secret.”he added.
According to Thiel, the latest Bitcoin rally is definitely a big concern for global central banks. Cryptocurrency Rise to New All-Time Highs “It surely tells us that we are in a moment of complete bankruptcy for central banks”Thiel stated.
In the interview, Thiel also criticized AI as an opponent of cryptocurrency’s force for decentralization. “AI, especially the low-tech kind of surveillance form, is essentially communist.”he said, adding that AI is a technology that “is going to destroy the world.”
Thiel is one of the staunchest proponents of Bitcoin, stating that it triumphed as a currency in 2014. The venture capitalist is also known for calling Bitcoin “a cover against the fall of the whole world”. At the beginning of this year, The venture capitalist warned that the Chinese central government could be supporting Bitcoin as a means to undermine US foreign and monetary policy.
PayPal, which Thiel co-founded in 1998, has been moving towards cryptocurrencies for the past year. The company officially announced its plans to introduce the ability to buy and sell cryptocurrencies like Bitcoin last October.. Since then, PayPal has rolled out crypto services in the US and UK.
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