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PayPal co-founder and venture capitalist Peter Thiel complained that he should have bought more bitcoins. The entrepreneur came to this conclusion after the first cryptocurrency broke the $67,000 mark. Thiel spoke about cryptocurrencies, central banks and artificial intelligence during an interview with the Lincoln Network analytical center, Bloomberg reports.
You just have to buy Bitcoin. I feel like I haven’t invested enough in it.
According to Thiel, the latest bitcoin rally is of great concern to central banks. The impressive growth of the cryptocurrency to new historical highs tells us that we are on the verge of complete bankruptcy and insolvency of central banks.
Thiel is one of the most ardent supporters of bitcoin. He said that bitcoin succeeded as a currency back in 2014. The venture capitalist is also known for calling bitcoin “protection from the collapse of the whole world.” He warned that the Chinese government could support the first cryptocurrency as a means of undermining the economy of the United States.
PayPal, which Thiel co-founded back in 1998, at the beginning of 2021 created a business unit that was supposed to help her promote in the cryptocurrency market. Since March 30, PayPal customers from the United States have been using cryptocurrency to pay for purchases. Users who held bitcoins, Ethereum, Bitcoin Cash and Litecoin on their wallets were able to convert them into fiat currencies at the time of purchase. This step, announced last year, was one of the factors that contributed to the beginning of bitcoin’s growth in the spring. Two months later, PayPal announced that it would allow customers to withdraw their cryptocurrencies to third-party wallets.
In mid-September, the company launched its cryptocurrency service for UK residents — all UK customers can buy, store and sell cryptocurrencies using their PayPal accounts.
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