Peter Thiel Questions Bitcoin’s Future Growth Potential Despite Past Profits

Former PayPal CEO Peter Thiel has cast doubt on the potential for Bitcoin’s price to surge significantly from its current levels. The billionaire, who admits to holding “some” Bitcoin but laments not having acquired more, questions the future demand for the cryptocurrency following the recent introduction of Bitcoin ETFs. “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 commented to CNBC on June 28. Despite his reservations, he acknowledged that Bitcoin might still see some appreciation but warned of a volatile journey ahead.