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Bitcoin gains on report Peter Thiel has made multimillion-dollar bet on currency

Bitcoin is getting a boost from a report that billionaire Peter Thiel is making a big bet on cryptocurrency.

Founders Fund, the venture-capital firm co-founded by Thiel, has amassed hundreds of millions of dollars of bitcoin, The Wall Street Journal reported on Tuesday US time, citing unnamed people familiar with the matter.

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    Original URL: https://www.afr.com/markets/currencies/bitcoin-gains-on-report-peter-thiel-has-made-multimilliondollar-bet-on-currency-20180103-h0crom