Former PayPal CEO Peter Thiel questions Bitcoin's potential for significant price increases, citing uncertainty about future buyers.

Former PayPal CEO Peter Thiel casts doubt on Bitcoin's potential for significant price increases, expressing uncertainty about where the next batch of buyers will come from post the "ETF edition." Thiel, who owns some Bitcoin but not as much as he "should have," told CNBC that he isn't sure if the cryptocurrency's price will rise dramatically from its current levels, predicting a "volatile, bumpy ride" ahead.

June 29, 2024
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