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Peter Thiel: High Bitcoin Prices Are Proof of US Inflation
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cryptonews.comThe PayPal co-founder and venture capitalist billionaire Peter Thiel has claimed that rising bitcoin (BTC) prices are proof that inflation has taken hold in the United States economy.
Thiel, who per Bloomberg was speaking at the weekend “at a conservative conference” that high BTC prices “indicate the economy is facing real inflation.”
The investor added that he “regretted not buying more” bitcoin earlier, and stated:
“You know, bitcoin [at] USD 60,000 – I’m not sure that one should aggressively buy [at that price]. But surely what it is telling us is that we are having a crisis moment.”
As reported, in October, strategists at investment bank JPMorgan also said bitcoin looks strong at the moment, although they opined that it is inflation
Read more on cryptonews.comAbout this in other media
Bitcoin price dips under $60K as Dollar Strength Index reaches 16-month highs cointelegraph.com /3 years ago
High Energy Prices Likely to Mean Less Oil Demand This Year, OPEC Says wsj.com /3 years ago
High volumes put ProShares Bitcoin futures ETF among “top 2%” of all ETFs ambcrypto.com /3 years ago
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