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Peter Thiel’s Founders Fund Bets Big on Crypto Comeback with $200M Investments in These Assets
Founders Fund, the prestigious venture capital firm co-founded by billionaire investor Peter Thiel, has quietly made a substantial $200 million investment in major crypto assets over the past year. According to the cited insider sources, the firm reentered the crypto markets in a major way in 2023, snapping up significant amounts of Bitcoin (BTC) and Ether (ETH) starting in late summer 2022.
This move signals a resurgence of interest in digital currencies among major Silicon Valley investors after 2022’s crypto crash severely damaged the industry’s reputation. However, cryptocurrency prices have been steadily recovering since 2023, tempting major institutional players to reestablish positions.
Half of Founders Fund’s recent crypto investment went to Bitcoin, while the other half went to purchases of the Ethereum token. Specific details were not provided, but the purchases
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