Apple's Foldable iPhone Faces Engineering Setbacks, Mass Production Timeline at Risk 
Anthropic's Mythos AI Model Sparks Emergency Cybersecurity Meeting With Top U.S. Bank CEOs 
Britain Courts Anthropic Amid US Defense Department Dispute 
Microsoft's $10 Billion Japan Investment: AI Infrastructure and Data Sovereignty Push 
Samsung Electronics Posts Eightfold Profit Surge Driven by AI Chip Demand 
TSMC Japan's Second Fab to Produce 3nm Chips by 2028 
Australia's Social Media Ban for Under-16s Sparks Global Movement 
Anthropic Fights Pentagon Blacklisting in Dual Federal Court Battles 
China's AI Stocks Surge as Zhipu and MiniMax Hit Record Highs 
NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission 
SpaceX Eyes Historic IPO at $1.75 Trillion Valuation 
Lumentum Holdings Rides AI Wave With Order Book Filled Through 2028 
China vs. NASA: The New Moon Race and What's at Stake by 2030 
Microsoft Eyes $7B Texas Energy Deal to Power AI Data Centers 
Elon Musk Ties SpaceX IPO Access to Mandatory Grok AI Subscriptions 
Peter Thiel, former CEO of PayPal, expressed doubts about Bitcoin's potential for significant price increases and questioned whether its cypherpunk, crypto-anarchist vision will ever be fully realized.
Peter Thiel Skeptical of Bitcoin's Future Price Surge, Questions Its Cypherpunk Ideological Vision
In a recent report by Cointelegraph, Peter Thiel thinks that Bitcoin's initial vision as a cypherpunk, crypto-anarchist, and freedom tool has yet to be realized.
Peter Thiel, the former CEO of PayPal, has expressed skepticism regarding the potential for Bitcoin's price to increase significantly from its current levels in the future.
The billionaire, who possesses "some" Bitcoin but not as much as he "should have," is uncertain about the source of the next wave of purchasers following the release of Bitcoin's "ETF edition."
“I'm not sure it's going to go up that dramatically from here. We got the ETF edition and I don't know who else buys it,” Thiel, a founder of the Founders Fund, told CNBC on June 28.
“It probably still can go up some but it’s going to be a volatile, bumpy ride.”
Thiel declared that he was "underinvested" in Bitcoin in October 2021, as the cryptocurrency was experiencing a surge toward its previous all-time high of $69,000, achieved approximately three weeks later.
Nevertheless, Thiel's Founders Fund has a remarkable history with Bitcoin, having made its first Bitcoin investment in 2014 and profited $1.8 billion a few months before the market collapsed in 2022.
Founders Fund acquired an additional $100 million in Bitcoin in 2023, trading below $30,000.
Peter Thiel Criticizes Bitcoin's Departure from Cypherpunk Ideals, Cites FBI Preferences as Evidence
Thiel disclosed that Bitcoin has yet to manifest as cypherpunk as initially anticipated.
“Where I’m less convinced is this question of the ideological founding vision of Bitcoin as a cypherpunk, crypto-anarchist, libertarian, anti-centralized government thing.”
“That’s what I thought was terrific about it,” Thiel recalled when first coming across Bitcoin.
However, he now maintains that Bitcoin "does not really operate in that manner."
“When people in the FBI tell me that they'd much rather have criminals use Bitcoin than $100 bills it suggests that maybe it's not quite working the way it was supposed to.”
Nevertheless, Bitcoin was intended to function as a public, permissionless, and decentralized ledger, and transactions were not meant to be entirely untraceable, as with Monero and other privacy-focused networks.
Bitcoin is trading at $60,450, a 1.8% decrease from the previous day.
Photo: Microsoft Bing
