Facebook board member and billionaire investor Peter Thiel praised Bitcoin and U.S. President Donald Trump during a talk at the Economic Club of New York.
According to Thiel he himself and his venture firm, Founders Fund has been purchasing Bitcoin since 2012 and his opinion is that Bitcoin will grow even more in importance, squeezing out Ethereum and other cryptocurrencies.
Thiel is also bullish on the American heartland and he joins a growing group of venture investors searching the country’s heartland for startups to bankroll and says the next innovations will likely come from less insular, less expensive areas.
He is also a huge supporter of Donald Trump and believes he could win the 2020 election if he decides to run for re-election
Thiel also said he will back anything his longtime friend and fellow PayPal co-founder Elon Musk develops.
Recently Musk was in the news for revealing his massive Bitcoin stash.
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