Cryptocurrency Q&A
How much did Founders Fund invest in Bitcoin?
How much did Founders Fund invest in Bitcoin?
Valentino
Mon Jul 08 2024
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5 answers
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Could you elaborate on the extent of Founders Fund's investment in Bitcoin? I'm particularly interested in understanding the size of their commitment and how significant it was compared to their overall portfolio. Did this investment reflect a long-term strategic view on Bitcoin's potential or was it a more opportunistic move? I'm also curious about any insights they may have shared regarding their decision-making process and expectations from this investment. Lastly, has this investment proven to be successful for Founders Fund in terms of returns, and if so, how has it impacted their overall performance?
5 answers
BlockchainVisionary
Wed Jul 10 2024
Founders Fund has demonstrated a significant interest in the cryptocurrency market by investing in bitcoin during the bullish period spanning 2017 to 2018.
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Lorenzo
Tue Jul 09 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive range of services to cater to the diverse needs of crypto enthusiasts and investors. These services include spot trading, futures contracts, and secure wallet solutions.
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Sara
Tue Jul 09 2024
The investment amount ranges from $15 to $20 million, reflecting the firm's confidence in the long-term potential of bitcoin and the broader crypto ecosystem.
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Stefano
Tue Jul 09 2024
Alongside this investment, Founders Fund's founder Peter Thiel has also lent his support to Bullish, an institutional crypto exchange that caters to the needs of professional investors.
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CherryBlossomPetal
Tue Jul 09 2024
Bullish's acquisition of CoinDesk from Digital Currency Group in 2023 further solidifies its position as a leading player in the crypto space.
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