{"id":83060,"date":"2024-06-30T07:59:07","date_gmt":"2024-06-30T11:59:07","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=83060"},"modified":"2024-06-30T07:59:10","modified_gmt":"2024-06-30T11:59:10","slug":"peter-thiel-reveals-unexpected-shift-amid-ethereum-and-xrp-price-surge","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/peter-thiel-reveals-unexpected-shift-amid-ethereum-and-xrp-price-surge\/","title":{"rendered":"Peter Thiel Reveals Unexpected Shift Amid Ethereum and XRP Price Surge"},"content":{"rendered":"\n

Even as a “groundbreaking” bitcoin bill is introduced to Congress, Bitcoin\u2014along with other significant cryptocurrencies such as ethereum and XRP<\/a>\u2014has dropped from its peak of over $73,000 per bitcoin in March.<\/p>\n\n\n\n

\"Peter
Peter Thiel Reveals Unexpected Shift Amid Ethereum and XRP Price Surge<\/figcaption><\/figure>\n\n\n\n

After rebounding from its 2022 collapse to surpass its previous all-time high, the bitcoin price has faltered in recent weeks, despite widespread rumors that another tech billionaire may join Elon Musk's Tesla in purchasing bitcoin.<\/p>\n\n\n\n

As traders prepare for a “true correction” that could affect the price of bitcoin, ethereum, XRP, and the broader crypto market, billionaire bitcoin buyer Peter Thiel has disclosed that he has sold a significant portion of his bitcoin.<\/p>\n\n\n\n

“I still have a small position,” Thiel, who along with payments giant PayPal also cofounded secretive data analytics company Palantir and Silicon Valley venture capital company Founders Fund, told\u00a0told\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>\u00a0CNBC<\/em>. “It probably still can go up some but it\u2019s going to be a volatile, bumpy ride.”<\/p>\n\n\n\n

At the 2021 bitcoin conference in Miami, Thiel, who was an unexpected supporter of former U.S. president Donald Trump in 2016, expressed his belief that he was “underinvested” in bitcoin.<\/p>\n\n\n\n

In 2023, Founders Fund disclosed that it had acquired an additional $100 million of bitcoin at a price of less than $30,000 per bitcoin during the most recent bear market in bitcoin, ethereum, XRP, and crypto.

In an interview with CNBC, Thiel expressed his disillusionment with bitcoin, which he characterized as a “cypherpunk<\/use><\/svg><\/span><\/a>, crypto-anarchist, libertarian, anti-centralized government thing.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Even as a “groundbreaking” bitcoin bill is introduced to Congress, Bitcoin\u2014along with other significant cryptocurrencies such as ethereum and XRP\u2014has dropped from its peak of over $73,000 per bitcoin in March. After rebounding from its 2022 collapse to surpass its previous all-time high, the bitcoin price has faltered in recent weeks, despite widespread rumors that […]<\/p>\n","protected":false},"author":36,"featured_media":83063,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[20296,20297,20295],"class_list":["post-83060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ethereum-and-xrp","tag-peter-thiel-reveals-unexpected-shift-amid","tag-price-surge-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/b84cf17_153021-3247014.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/83060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=83060"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/83060\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/83063"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=83060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=83060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=83060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}