Peter Thiel Calls Bitcoin 'Moderately Big Invention' Compared With The Internet: It Was 'Systematically Underestimated' For The First 10-11 Years Of Its Existence

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Venture capitalist and businessman Peter Thiel weighed in on Bitcoin (CRYPTO: BTC), while he discussed technological innovation in the recent episode of the Joe Rogan Experience podcast aired Friday.

We can debate whether it was good or bad but it was a pretty `big deal and was systematically underestimated for at least… the first 10-11 years,” said Thiel in the podcast.

Bitcoin was traded and it went up smoothly for 10 to 11 years but it didn’t get repriced all at once, he said, adding that “we are in a world where nothing ...

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Article Details

Author / Journalist: Shanthi Rexaline

Category: Technology

Markets: United States

Topics: Media Joe Rogan $BTC Peter Thiel Top Stories Cryptocurrency $ETH Benzinga Tech News Trading Ideas

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-19 @ 06:33:27 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 428 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22134243

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