{"id":11866,"date":"2024-02-13T09:30:21","date_gmt":"2024-02-13T09:30:21","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=11866"},"modified":"2024-02-13T10:59:52","modified_gmt":"2024-02-13T10:59:52","slug":"peter-thiel-made-200m-investment-in-btc-eth-before-bull-run","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/peter-thiel-made-200m-investment-in-btc-eth-before-bull-run\/","title":{"rendered":"Peter Thiel Made $200M Investment in BTC, ETH Before Bull Run"},"content":{"rendered":"
\n

Silicon Valley heavyweight Peter Thiel’s investment firm, Founders Fund, struck gold with a well-timed $200 million bet on Bitcoin and Ethereum, according to Reuters. This shrewd move netted them a tidy $200 million profit<\/strong>, riding the recent crypto bull run.<\/p>\n

\n

You might like:\u00a0BEAM, PEPE and HNT Price Analysis (February 13, 2024)<\/em><\/strong><\/span><\/a><\/p>\n<\/blockquote>\n

Sources reveal the investment was split evenly between the two leading digital assets: Bitcoin (BTC) and Ethereum (ETH). Both saw impressive gains over the past year, with Bitcoin soaring 124%<\/strong> and Ethereum rising a respectable 75%<\/strong>.<\/p>\n

Buying Low, Selling High:<\/strong> Founders Fund wasn’t afraid to get their feet wet early, entering the market when Bitcoin was still below the $30,000<\/strong> mark. They strategically added to their positions in both BTC and ETH in the following months, demonstrating confidence in the market’s long-term potential.<\/p>\n

Peter Thiel: A Vocal Crypto Advocate:<\/strong> This isn’t Thiel’s first foray into the crypto world. He’s a long-standing proponent of Bitcoin<\/strong>, using its price gains as ammunition against central banks and fiat currencies. He even admitted feeling “underinvested”<\/strong> in the asset during the 2021 bull run.<\/p>\n

Smart Exit Before the Storm:<\/strong> Interestingly, Founders Fund cashed out most of their crypto holdings in March 2022<\/strong> for a cool $1.8 billion<\/strong>, according to the Financial Times. This savvy move came just before the crypto winter set in, showcasing their keen market timing.<\/p>\n

Thiel’s Crypto Footprint:<\/strong> Thiel’s influence in the crypto space extends beyond his personal investments. He backs Bullish<\/strong>, an institutional crypto exchange, which acquired CoinDesk in 2023.<\/p>\n

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In the comment section, you can freely share your comments about the topic. Additionally, don\u2019 t forget to follow us on\u00a0Telegram<\/strong>,\u00a0<\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0for the latest news and updates.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Silicon Valley heavyweight Peter Thiel’s investment firm, Founders Fund, struck gold with a well-timed $200 million bet on Bitcoin and Ethereum, according to Reuters. This shrewd move netted them a tidy $200 million profit, riding the recent crypto bull run. You might like:\u00a0BEAM, PEPE and HNT Price Analysis (February 13, 2024) Sources reveal the investment<\/p>\n","protected":false},"author":1,"featured_media":11869,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[61,105,2956,4331],"class_list":["post-11866","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin","tag-ethereum","tag-founders-fund","tag-peter-thiel"],"yoast_head":"\nPeter Thiel Made $200M Investment in BTC, ETH Before Bull Run - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Silicon Valley heavyweight Peter Thiel's firm, Founders Fund, struck gold with a well-timed $200 million bet on Bitcoin and Ethereum.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/peter-thiel-made-200m-investment-in-btc-eth-before-bull-run\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Peter Thiel Made $200M Investment in BTC, ETH Before Bull Run - 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