Peter Thiel: Bitcoin Is Like A 'Reserve Form Of Money'

Peter Thiel, the billionaire co-founder of PayPal, believes that critics of bitcoin are "underestimating" the cryptocurrency. In remarks made on the third day of the Financial Investment Initiative summit in Saudi Arabia, Thiel said that while he is "skeptical of most [cryptocurrencies]," he believes bitcoin has a promising future depending on the trajectory it takes, according to CNBC.
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