In a tremendous victory for Bitcoin and the Crypto-community, legendary and well-respected investor Peter Thiel has exposed that he has taken a multi-million dollar position in Bitcoin. Utilizing the venture capitalist firm, Founders Fund, Thiel and his partners have amassed millions of dollars in cryptocurrencies. It is estimated that the position Thiel and his partners have taken has already multiplied numerous times in value.
This investment from Thiel and his venture capitalist firm further solidify the reality and value of Bitcoin as a co-existing world currency amongst already existing government issued currencies. It is estimated that approximately as little as 1% of the world population has interest and/or investment in cryptocurrency. This highlights the fact that cryptocurrency still has not been embraced by the majority, which provides tremendous opportunity for future growth. Although still speculative, having well known investors in crypto like Thiel will surely manifest more interest and faith by the majority population.