Tech billionaire and Palantir Technologies co-founder Peter Thiel was one of the early believers in Bitcoin’s (CRYPTO: BTC) decentralized ethos and described the leading cryptocurrency as a “moderately big invention” not too long ago.
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During the Joe Rogan Experience podcast, which aired August 2024, Thiel dubbed the $2 trillion asset a “pretty big deal” that was “systematically underestimated” in its first 10-11 years.
“It went up smoothly for 10-11 years, didn’t get repriced all at once,” he said. “We are in a world where nothing big ever happens and so we have no way of processing it when something pretty big happens.”