Discussion

• @financialtimes @financialtimes on x

  FT Exclusive: Founders Fund, the venture capital firm co-founded by billionaire Peter Thiel, closed almost all of its eight-year bet on cryptocurrencies shortly before the market began to crash last year, generating about $1.8bn in returns https://www.ft.com/... https://twitter.c…

• @eghosao Eghosa Omoigui on x

  Thiel doesn't always get the timing right but when he does, grand slam! 'FF's shift on crypto, which had been one of its core positions, was one of about nine big exits the venture fund made between 2020 & the end of last yr that allowed it to return roughly $13b to investors.' h…

• @brianbrackeen Brian Brackeen on x

  This is hard. Really hard. When way up, most people have a bias and want to keep playing with “house money”. Resist it. You see the numbers and trends.... Sell it all at the top for your LP's. Removing bias of all types from investing is how you print money for your investors. ht…

• @chafkin Max Chafkin on x

  One big takeaway for me while reporting my book is that Thiel cares less about ideas and more about money than his fans (and enemies) realize. He's done this kind of this many times in his career. https://twitter.com/...

• @spencerjakab Spencer Jakab on x

  So let me get this straight - Thiel was calling Warren Buffett a “sociopathic Grandpa” for shunning Bitcoin he was dumping billions on his unwitting fans. This is what psychologists call"projection" https://www.ft.com/...

• @sub8u @sub8u on x

  The more things change, the more they remain the same 🤷‍♂️ “Founders Fund, the VC firm co-founded by Peter Thiel, closed almost all of its 8-year bet on cryptocurrencies shortly before the market began to crash last year, generating ~$1.8bn in returns.” https://www.ft.com/... htt…

• @thebenschmark @thebenschmark on x

  Elite grifter dumping his bags to populist jabronis https://twitter.com/... https://twitter.com/...

• @wublockchain Wu Blockchain on x

  According to FT, Founders Fund, co-founded by Peter Thiel, sold its holdings of crypto (mainly bitcoin) at the end of March last year when the price of bitcoin was around $45,000, bringing about $1.8 billion return. https://www.ft.com/...

• @counternotions Kontra on x

  He pumps! He dumps! https://www.ft.com/... https://twitter.com/...

• @carnage4life Dare Obasanjo on x

  Just before the crash last year, Peter Thiel sold most of his crypto after HODLing for 8 years and netted $1.8B in returns. “If you're playing a poker game and you look around the table and and can't tell who the sucker is, it's you.” - Paul Newman https://www.ft.com/...

• @chafkin Max Chafkin on x

  Wrote about this in my book at some length, but as distasteful as it might be to BTC believers it's totally in character. https://twitter.com/...

• @patrickmcgee_ Patrick McGee on x

  “In April, about the time Founders Fund sold out of most of its crypto, Thiel said he was optimistic about the future of bitcoin: “we're at the end of the fiat money regime.” He suggested its price could increase by a factor of 100.” ⁦@Tabby_Kinder⁩ https://www.ft.com/...

• @rajit_h Rajit Hewagama on x

  'In April 2022, [when] Founders Fund sold out of most of its cryptocurrency holdings, Thiel said he was optimistic about the future of bitcoin. He told a cryptocurrency conference in Miami that “we're at the end of the fiat money regime"' 😂 https://www.ft.com/...

• @austinflack Austin Flack on x

  Classy! https://www.ft.com/... https://twitter.com/...

• @jamiepastore9 @jamiepastore9 on x

  Sold to you, suckas! https://www.ft.com/... https://twitter.com/...

• @conroyforreal Chris Conroy on x

  Cryptocurrency Is And Always Has Been A Pyramid Scheme Being Pump-And-Dumped By Smart Money And Your Role Is To Be The Dumb Money vs No It Isn't https://twitter.com/... https://twitter.com/...

• @zeynep Zeynep Tufekci on x

  So who's holding bag, right? Proclaim end of “fiat money regime” and predict a 100x increase in price while actually selling — before the crash. https://twitter.com/... https://twitter.com/...

• @hasufl @hasufl on x

  So, Peter Thiel sold Bitcoin at the top after holding it for 8 years. That's so impressive, to be able to do that after holding it for so long https://twitter.com/...

• @chafkin Max Chafkin on x

  Quite the scoop: Thiel was dumping bitcoin while he was pumping it https://www.ft.com/... https://twitter.com/...

• @aservais1 Alain Servais on x

  The big whale didn't get caught-Founders Fund, the venture capital firm co-founded by billionaire Peter Thiel, closed almost all of its 8-year bet on cryptocurrencies shortly before the market began to crash last year, generating about $1.8bn in returns. https://www.ft.com/...

• @emmahaslett Emma Haslett on x

  This story is particularly special because it was Thiel who helped to fund the Seasteading Institute, which partly inspired the Satoshi, the cruise ship that was supposed to provide a utopian community for crypto fans https://www.ft.com/...

• @techwontsaveus @techwontsaveus on x

  Peter Thiel's Founders Fund liquidated the majority of its Bitcoin holdings by March 2022, making $1.8 billion before crypto crashed. In April 2022, he was still pumping Bitcoin at the Miami conference, saying “we're at the end of the fiat money regime.” https://www.ft.com/...

• @mdudas Mike Dudas on x

  “Founders Fund, the venture capital firm co-founded by billionaire Peter Thiel, closed almost all of its eight-year bet on cryptocurrencies shortly before the market began to crash last year, generating about $1.8bn in returns.” https://www.ft.com/...

• @librariancap @librariancap on x

  Peter Thiel & $BTC: “In Apr '22, about the same time Founders Fund sold out of most of its crypto. holdings, Thiel said he was optimistic about the future of bitcoin (and) said JPM CEO Jamie Dimon & BlackRock boss Larry Fink ‘need to be allocating some of their money to bitcoin’”…