PayPal Co-Founder Peter Thiel Regrets Not Buying More, Claims to Know Clues About Satoshi Nakamoto

PayPal co-founder and billionaire Peter Thiel expressed regret for not being more aggressive and investing more in Bitcoin when he initially did. He stated that he should have bought more when reflecting on his investment decisions. Despite Bitcoin reaching all-time highs, he said, "I think the answer is still to be long Bitcoin."

PayPal co-founder and billionaire Peter Thiel expressed regret for not being more aggressive and investing more when he initially invested in Bitcoin, saying he should have bought more. Despite Bitcoin hitting historic highs, he stated, "I think the answer is still to be long Bitcoin."

"Bitcoin is now worth $660 billion. Will it continue to rise? Perhaps, but it is actually telling us that we are in a moment of complete bankruptcy of central banks."

According to a report, Peter Thiel also mentioned that he may have clues to find Satoshi Nakamoto, the creator of Bitcoin. Satoshi Nakamoto disappeared two years after mining the genesis block of the cryptocurrency in January 2009.

Peter Thiel's reasoning stems from a meeting in February 2000 of the early founders of E-Gold, where about 200 people gathered on the beaches of Anguilla in the Caribbean to devise a strategy to promote a new monetary system that could challenge central banks. E-Gold was a digital gold currency that was recognized in 2007 after its founders were prosecuted by the U.S. Department of Justice.

Peter Thiel said that he met them on the beach in Anguilla in February 2000 and believes Satoshi was on that very beach in Anguilla.

He stated, "We started a revolution against central banks on the beaches of Anguilla. We planned for PayPal to interoperate with E-Gold and destroy all central banks."

However, the failure of E-Gold later may have led Satoshi to remain anonymous. Peter Thiel believes, "Bitcoin is the answer to E-Gold, and Satoshi understood that it had to be anonymous and there had to be no company."

Not everyone believes that Satoshi was an early player behind E-Gold. One of the earliest cypherpunks to mine Bitcoin, Dustin D. Trammell, told media that if Satoshi had been developing other electronic cash protocols before Bitcoin, it would not have been as clear and bold in adopting new technology, viewing the situation from a fresh perspective.

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