Peter Thiel's Founders Fund sold all its cryptocurrencies be

Dołączył: 09 Mar 2024 Posty: 1

He saw it coming. Peter Thiel , who, in the Bloomberg Billionaires Index , is the 278th richest person in the world with a fortune of 7,243 million euros ($7,830 million at the current exchange rate), was farsighted and before the cryptocurrency industry will begin its fall without brakes decided to exit the market. Through Founders Fund , the venture capital firm of which he is co-founder, he was one of those who first bet on bitcoin , purchasing large amounts of the cryptocurrency. But he has also been one of those who did not want to endure another crypto winter: in March 2022, according to the Financial Times , he got rid of his entire crypto investment, which generated a return of 1,665 million euros (1,800 million dollars). 'Altcoins': cryptocurrencies that will rise the most in 2023, according to experts On March 29, 2022 (the month in which the founder of Founders Fund sold his tokens.

the price of bitcoin reached its maximum in the last year: 42,834.93 euros. Thiel (also co-founder of PayPal) was undoubtedly right with his sale, because a month later (April 29), bitcoin was at 37,853.24 euros; to 28,040.13 it fell in May, and to 19,415.45 a month Asia Phone Number List later. The price of bitcoin today is 19,214.19 euros. Curiously, as recalled in the aforementioned medium, just one month later, in April 2022, Peter Thiel assured at a conference in Miami that the end of fiat money was approaching and that bitcoin could multiply by 100 . Cryptocurrencies in 2022: a year of bankruptcies and layoffs Experts repeat that the cryptocurrency market is increasingly similar to traditional risk markets . And, of course, in 2022 it has been like that. It all started with the fall of Terra Luna.

The Luna stablecoin , associated with the dollar, lost 99.99% of its value in just a few days. It seemed that everything was going well, however, in May there was a massive sale of the currency that put thousands of moons into circulation, causing a loss of more than 40,000 million euros. Its fall dragged other funds such as Three Arrows Capital and Celsius into bankruptcy . The crypto winter that Peter Thiel knew was coming continued to claim its victims until, in November, what made the sector implode arrived: the bankruptcy of FTX with its long-term legal derivatives . 50 concepts related to cryptocurrencies that you should know before investing It cannot be ruled out that more of the industry's liners will fall in the future. For now, what is known – because they have already announced it – is that several companies such as Genesis, Coinbase, Blockchain.com and Crypto.com will soon undertake layoffs.

_________________
Asia Phone Number List