Billionaire VC Peter Thiel Discusses Satoshi's Identity — Says Bitcoin Is the 'Most Honest Market We Have'.

23 Oct 2021, 08:00

Billionaire VC Peter Thiel Discusses Satoshi’s Identity — Says Bitcoin Is the ‘Most Honest Market We Have’ According to reports, tech billionaire Peter Thiel — the co-founder of Paypal and Palantir — spoke about bitcoin at an event hosted in Miami. At the time, bitcoin had just surpassed its all-time price high and Thiel said “you’re supposed to just buy bitcoin” and added, “I feel like I’ve been underinvested in it.” Peter Thiel Postulates Meeting Satoshi Nakamoto on a Beach in AnguillaThe tech investor Peter Thiel is a fan of bitcoin (BTC) and has explained this on a few occasions in the past. In mid-May, Palantir Technologies, the American big data software firm, revealed that the company would accept bitcoin for services and was also considering keeping the crypto asset on its balance sheet.Bloomberg reported that the billionaire venture capitalist said bitcoin is an “already known” secret, speaking at a conference in Miami. In addition to this statement, Thiel reportedly said that he felt “underinvested” in bitcoin.Furthermore, Thiel also discussed an early encounter with the founders of E-Gold Ltd., the defunct digital gold company. Thiel talked about a theory he has that he may have met Satoshi Nakamoto, the creator of Bitcoin, the day he met with the E-Gold team.“My sort of theory on Satoshi’s identity was that Satoshi was on that beach in Anguilla,” Thiel is quoted as saying. “I met them on the beach in Anguilla in February of 2000. We were beginning the revolution against the central banks on the beach in Anguilla. We were going to make Paypal interoperable with E-Gold and blow up all the central banks.”Thiel said there were around 200 people at that initial meeting. “Bitcoin was the answer to E-Gold, and Satoshi learned that you had to be anonymous and you had to not have a company,” Thiel said. “Even a company, even a corporate form was too governmentally linked,” the tech billionaire said. Peter Thiel: ‘The Fact That Bitcoin Is at $60,000 Is an Extremely Hopeful Sign’