Peter Thiel says Bitcoin (BTC) could moon 100x and hit over $4 million

The worth of Bitcoin is sitting at round $42,300 proper now… with billionaire Peter Thiel hopeful that the main cryptocurrency skyrockets by 100x which might see BTC at an insane $4 million.

Bitcoin going past parabolic and super-boosting 100x to the Federal Reserve-crushing $4 million per BTC would shift the whole monetary system, not simply cryptocurrency. Thiel’s feedback got here from the Bitcoin 2022 summit down in Miami, Florida.

Thiel had some combating phrases for the Previous Cash on the market, throwing out combating phrases towards Warren Buffett — who has referred to as Bitcoin “rat poison” — to which Thiel pushed towards the “sociopathic grandpa“. Thiel stated throughout his tackle that Bitcoin is being intentionally undervalued, and that BTC is essentially the most sincere market on the planet. Thiel stated: “Bitcoin is the canary within the coal mine; it was telling us that inflation is coming; it’s telling us that central banks are bankrupt; it’s telling us that we’re on the finish of the fiat cash regime“.

“I’m nonetheless hopeful that bitcoin goes up by an element of 100x“.

Thiel added: “[ESG] is only a hate manufacturing facility. It is a manufacturing facility for naming enemies, and we shouldn’t be permitting them to try this. While you assume ESG, try to be pondering Chinese language Communist Occasion“.