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