Crypto News Flash #118: Paypal's Peter Thiel Is Longing On Bitcoin Calling It A Hedge Against World Falling Apart !!
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0.000 HBDCrypto News Flash #118: Paypal's Peter Thiel Is Longing On Bitcoin Calling It A Hedge Against World Falling Apart !!
<html> <p><img src="https://news.bitcoin.com/wp-content/uploads/2018/01/5840381dba6eb61b008b6f24-1280-1024x682.jpg" width="1024" height="682"/></p> <p>It is not hidden that Bitcoin has been considered by many investors and traders as Digital Gold. Even some institutional investors are investing in Bitcoin for long time because they believe in it and wants to use it as a versatile 'store of value'. </p> <p><strong>But recently, Mr. Peter Thiel, the co-founder of Paypal and an early investor in Facebook, has said that, ''Longing on Bitcoin is a Hedge against the economy falling apart''. </strong></p> <p>Speaking at the Economic Club of New York, Mr. Thiel said that he didn't foresee the use of Bitcoin as a currency in real world but its store of value was something he was interested in from the very beginning. He openly said that he's not interest in a new payment system in form of Bitcoin but its store of value against all the financial instruments circulating around the world. </p> <p>As per the <a href="https://cointelegraph.com/news/paypals-peter-thiel-longing-bitcoin-is-hedge-against-world-falling-apart">source</a>, the exact sentence spoken by Mr. Thiel is as follows:</p> <blockquote><em>“It's like bars of gold in a vault that never move, and it's a sort of hedge of sorts against the whole world going falling apart.”</em></blockquote> <p>Mr. Thiel also said that he's not much affected by the short-term performance of Bitcoin but its long-term performance. He's treating it like a digital gold among other major investors in Bitcoin. </p> <p>Mr. Thiel has rumored to be invested in Bitcoin by $20 Million. </p> <p>Currently Bitcoin is trading around $8000 price range and after all these speculations and market manipulations, now technical analysts are expecting Bitcoin to increase in price. </p> <p>Thanks for reading ...!!</p> <p><a href="https://cointelegraph.com/news/paypals-peter-thiel-longing-bitcoin-is-hedge-against-world-falling-apart">Information Source</a></p> <p><a href="https://news.bitcoin.com/wp-content/uploads/2018/01/5840381dba6eb61b008b6f24-1280-1024x682.jpg">Image Credit</a></p> </html>
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