Trump backer Peter Thiel reportedly made $1.8 billion cashing out an 8-year bet on crypto – when he was still touting a massive bitcoin price surge

Trump backer Peter Thiel reportedly made $1.8 billion cashing out an 8-year bet on crypto – when he was still touting a massive bitcoin price surge

Peter Thiel’s fund made $1.8 billion cashing out its crypto positions last year, according to the Financial Times.Marco Bello/Getty Images

  • Peter Thiel’s fund closed almost all of its crypto positions shortly before prices crashed last year, according to the Financial Times.

  • Founders Fund made $1.8 billion cashing out its bet on digital assets, the publication said.

  • Thiel predicted bitcoin’s price would surge 100 times around the same time his fund was reportedly selling its crypto…


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