TLDR: Peter Thiel’s Founders Fund has reportedly made a major investment in cryptocurrencies, with $200 million invested in Bitcoin and Ether. The investment signifies a resurgence of interest in token investments among institutional investors. This comes after a market crash in 2022 and subsequent regulatory crackdown. The Founders Fund currently manages over $12 billion in assets and hired Joey Krug as a partner in April 2023 to focus on crypto investing. The firm had previously cashed out its investment in Bitcoin just before the market crash, generating $1.8 billion in the process.
Founders Fund: Betting $200M on Bitcoin & Ether’s Future Success
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