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Tag: Peter Thiel

Investor Peter Thiel made $1.8 billion, in revenue returns, before the market started to crash last year.

Posted on January 19, 2023January 19, 2023 By Garima Pandey
Investor Peter Thiel made $1.8 billion, in revenue returns, before the market started to crash last year.

Founders Fund, the venture capital firm co-founded by billionaire Peter Thiel, closed almost all
of its eight-year bet on cryptocurrencies shortly before the market began to crash last year,
generating about $1.8bn in returns. The San Francisco-based fund made its first investment in
bitcoin The San Francisco-based fund made its first investment in bitcoin in early 2014 and
went on to invest large sums in crypto. About two-thirds of its overall investment was used to
buy bitcoin, said people close to the fund.

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