Tuesday, July 29, 2025
No Result
View All Result
Coin Digest Daily
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
No Result
View All Result
Coin Digest Daily
No Result
View All Result

Bitcoin Billionaire Throws Cold Water on Price Surge: Don’t Expect Fireworks

30 June 2024
in Crypto Updates
Reading Time: 2 mins read
0 0
A A
0
Home Crypto Updates
Share on FacebookShare on Twitter


Peter Thiel, the billionaire entrepreneur identified for his daring funding bets and controversial stances, has taken a measured strategy to Bitcoin. In a latest interview on the Aspen Concepts Pageant, Thiel revealed he stays a Bitcoin holder, however expressed skepticism a couple of dramatic value enhance within the close to future.

This comes as a shock to some, contemplating Thiel’s previous pronouncements. Bitcoin has lengthy been some extent of fascination for the tech mogul, who sees it as a possible hedge in opposition to inflation and a problem to the dominance of central banks.

Founders Fund’s Opportunistic Bets

Thiel’s feedback come amidst stories that his enterprise capital agency, Founders Fund, strategically invested $200 million in Bitcoin and Ethereum earlier this yr. Notably, these purchases occurred when Bitcoin costs hovered round $30,000, considerably decrease than their present place close to $60,800. This implies a doubtlessly opportunistic funding technique by Founders Fund, capitalizing on market dips.

Nonetheless, Thiel’s latest remarks concerning value progress increase questions on Founders Fund’s long-term plans for these holdings. Whereas some analysts predict Bitcoin will proceed its upward trajectory, Thiel appears to be hedging his bets. This measured strategy would possibly sign a shift in Founders Fund’s technique, with a concentrate on short-term positive factors moderately than a long-term Bitcoin bull thesis.

BTC is now buying and selling at $61,101. Chart: TradingView

Is The Bitcoin Rally Operating Out Of Steam?

Thiel’s cautious stance on Bitcoin value progress might be a harbinger for the cryptocurrency market. Bitcoin has skilled a rollercoaster trip in 2024, reaching an all-time excessive of $73,000 in March earlier than experiencing a correction. Regardless of the latest pullback, Bitcoin stays up 37% year-to-date.

Thiel’s skepticism would possibly spark issues a couple of potential slowdown within the Bitcoin rally. Nonetheless, it’s necessary to do not forget that Bitcoin’s value is notoriously risky, and short-term fluctuations don’t essentially negate its long-term potential.

The Cryptoverse Reacts

Thiel’s combined message has despatched ripples via the cryptocurrency neighborhood. Some analysts view his feedback as an indication of a maturing market, the place traders are adopting a extra nuanced strategy to Bitcoin. Others see it as a possible catalyst for a value correction, with some traders re-evaluating their positions primarily based on Thiel’s affect.

Featured picture from Getty Photos, chart from TradingView



Source link

Tags: BillionaireBitcoinColdDontExpectFireworksPriceSurgeThrowsWater
Previous Post

Avalanche Gains Momentum As AVAX Sets Sights On $30.34 Resistance

Next Post

The Definitive Guide to Tapioca DAO: Part One – Featured Bitcoin News

Related Posts

Signal That Sparked 100% Litecoin Rally In 2017 Has Been Triggered Again | Bitcoinist.com
Crypto Updates

Signal That Sparked 100% Litecoin Rally In 2017 Has Been Triggered Again | Bitcoinist.com

29 July 2025
HKMA Sets Stablecoin Rules, Registry Launch August 1
Crypto Updates

HKMA Sets Stablecoin Rules, Registry Launch August 1

29 July 2025
Mento Selects Wormhole as its Official Interoperability Provider to Power Multichain FX – Press release Bitcoin News
Crypto Updates

Mento Selects Wormhole as its Official Interoperability Provider to Power Multichain FX – Press release Bitcoin News

29 July 2025
Binance Launchpad Review: How to Buy It in 2025
Crypto Updates

Binance Launchpad Review: How to Buy It in 2025

29 July 2025
MARA Holdings Concludes $950 Million Raise To Increase Bitcoin Exposure – Details | Bitcoinist.com
Crypto Updates

MARA Holdings Concludes $950 Million Raise To Increase Bitcoin Exposure – Details | Bitcoinist.com

29 July 2025
PayPal Unlocks Crypto Payments for US Small Businesses
Crypto Updates

PayPal Unlocks Crypto Payments for US Small Businesses

29 July 2025
Next Post
The Definitive Guide to Tapioca DAO: Part One – Featured Bitcoin News

The Definitive Guide to Tapioca DAO: Part One – Featured Bitcoin News

How To Use Bitcoin ATM – A Begginer’s Guide Gow They Work

How To Use Bitcoin ATM - A Begginer's Guide Gow They Work

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
BNB Price Gears Up for Upside Break — Will Bulls Deliver?

BNB Price Gears Up for Upside Break — Will Bulls Deliver?

8 July 2025
Something Big Is Coming For XRP On July 9—Why It Matters

Something Big Is Coming For XRP On July 9—Why It Matters

8 July 2025
XRP could rally higher on steady capital inflow; check forecast

XRP could rally higher on steady capital inflow; check forecast

8 July 2025
10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

24 May 2025
Ethereum Price Drops After Bullish Attempt — Support Area Under Pressure

Ethereum Price Drops After Bullish Attempt — Support Area Under Pressure

2 July 2025
Live Best Meme Coins Updates Today: TOKEN6900 Presale Begins with Promises of 1000x, SEC Approves First-Ever ETF with Bitcoin, Ethereum, XRP, and More…

Live Best Meme Coins Updates Today: TOKEN6900 Presale Begins with Promises of 1000x, SEC Approves First-Ever ETF with Bitcoin, Ethereum, XRP, and More…

2 July 2025
Signal That Sparked 100% Litecoin Rally In 2017 Has Been Triggered Again | Bitcoinist.com

Signal That Sparked 100% Litecoin Rally In 2017 Has Been Triggered Again | Bitcoinist.com

29 July 2025
Ethereum Institutional Interest Grows After BTCS Inc.’s Massive Purchase Of 14,240 ETH | Bitcoinist.com

Ethereum Institutional Interest Grows After BTCS Inc.’s Massive Purchase Of 14,240 ETH | Bitcoinist.com

29 July 2025
Google’s AI Mode Changes the Search Game in the UK

Google’s AI Mode Changes the Search Game in the UK

29 July 2025
HKMA Sets Stablecoin Rules, Registry Launch August 1

HKMA Sets Stablecoin Rules, Registry Launch August 1

29 July 2025
What You Should Know Before Investing in Tokenized Assets | eToro

What You Should Know Before Investing in Tokenized Assets | eToro

29 July 2025
XRP to Replace the US Dollar? Wild Prediction Could Hype Bitcoin Hyper

XRP to Replace the US Dollar? Wild Prediction Could Hype Bitcoin Hyper

29 July 2025
Facebook Twitter Instagram Youtube RSS
Coin Digest Daily

Stay ahead in the world of cryptocurrencies with Coin Digest Daily. Your daily dose of insightful news, market trends, and expert analyses. Empowering you to make informed decisions in the ever-evolving blockchain space.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITEMAP

  • About us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$117,339.00-0.64%
  • ethereumEthereum(ETH)$3,766.24-0.51%
  • rippleXRP(XRP)$3.11-1.06%
  • tetherTether(USDT)$1.00-0.02%
  • binancecoinBNB(BNB)$801.55-2.87%
  • solanaSolana(SOL)$179.91-2.41%
  • usd-coinUSDC(USDC)$1.000.00%
  • staked-etherLido Staked Ether(STETH)$3,760.87-0.49%
  • dogecoinDogecoin(DOGE)$0.221195-2.87%
  • tronTRON(TRX)$0.3348194.15%