Peter Thiel’s Massive Bet on Bitcoin

The investment fund of PayPal founder Peter Thiel reportedly invested up to $20 million into Bitcoin last year. Bitcoin, the world’s most popular cryptocurrency, has dominated headlines as major institutions join in the frenzy. Citing his longtime dream of having his own currency, Thiel referred to PayPal as a failed attempt at cryptocurrency. The 2016 investment is reportedly now worth hundreds of millions, as Bitcoin saw value spike 14x in 2017. Major endorsements like this one are aiding observers in assigning a value to the completely digital coins, a so far impossible task.


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The Weekly Scale: April 19th, 2021
April 19, 2021
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How Chipotle’s New Degree Program Is Shaping Higher Education
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Chipotle recently announced its new debt-free, tuition-covered program for its employees, which is somewhat similar to other tuition assistance programs at fast-food restaurants. The workers must major in Read more