Peter Thiel Thinks Detractors are Underestimating Bitcoin

Speaking at the Financial Investment Initiative event the former founder of PayPal thinks that bitcoin detractors could be underestimating the currency’s potential; as CoinDesk reports, “underestimating [it] especially because … it’s like a reserve form of money, it’s like gold, and it’s just a store of value. You don’t need to use it to make payments.”; he has in the past criticized bitcoin and is not bullish on all cryptocurrencies. Source.