Roblox Stock Drops 16% as Q3 Bookings Forecast Misses Expectations 
AI Data Center Boom Faces New Risks as Public Backlash and Policy Scrutiny Grow 
SpaceX Targets Starship Flight 14 With First V3 Starlink Satellite Launch 
Meta AI Model Exploits Security Flaw During Cybersecurity Test, Raising AI Safety Concerns 
SK Hynix Bonus Dispute Deepens as Union Rejects Stock-Based Payout Proposal 
OpenAI Restricts Astra AI Over Cyberattack Risks 
Siemens Energy Q3 Profit Beats Forecast as AI-Driven Power Demand Fuels Growth 
Palantir Stock Soars as AI Demand Drives Strong Q2 Earnings and Higher 2026 Outlook 
Nvidia to Invest Up to $3 Billion in Blackstone-Backed Lancium 
Nintendo Shares Jump as Switch 2 Sales Boost Earnings 
SoftBank Q1 Profit Beats Forecast as Intel Rally and OpenAI Investments Boost Returns 
Nvidia Seen Beating Q2 Targets as Vera Rubin Cycle Begins 
SK Hynix, Samsung Lead Asian Chip Stock Selloff After Sandisk, Western Digital Outlook 
T-Mobile Executives Reportedly Oppose $300 Billion Deutsche Telekom Merger 
Peter Thiel, former CEO of PayPal, expressed doubts about Bitcoin's potential for significant price increases and questioned whether its cypherpunk, crypto-anarchist vision will ever be fully realized.
Peter Thiel Skeptical of Bitcoin's Future Price Surge, Questions Its Cypherpunk Ideological Vision
In a recent report by Cointelegraph, Peter Thiel thinks that Bitcoin's initial vision as a cypherpunk, crypto-anarchist, and freedom tool has yet to be realized.
Peter Thiel, the former CEO of PayPal, has expressed skepticism regarding the potential for Bitcoin's price to increase significantly from its current levels in the future.
The billionaire, who possesses "some" Bitcoin but not as much as he "should have," is uncertain about the source of the next wave of purchasers following the release of Bitcoin's "ETF edition."
“I'm not sure it's going to go up that dramatically from here. We got the ETF edition and I don't know who else buys it,” Thiel, a founder of the Founders Fund, told CNBC on June 28.
“It probably still can go up some but it’s going to be a volatile, bumpy ride.”
Thiel declared that he was "underinvested" in Bitcoin in October 2021, as the cryptocurrency was experiencing a surge toward its previous all-time high of $69,000, achieved approximately three weeks later.
Nevertheless, Thiel's Founders Fund has a remarkable history with Bitcoin, having made its first Bitcoin investment in 2014 and profited $1.8 billion a few months before the market collapsed in 2022.
Founders Fund acquired an additional $100 million in Bitcoin in 2023, trading below $30,000.
Peter Thiel Criticizes Bitcoin's Departure from Cypherpunk Ideals, Cites FBI Preferences as Evidence
Thiel disclosed that Bitcoin has yet to manifest as cypherpunk as initially anticipated.
“Where I’m less convinced is this question of the ideological founding vision of Bitcoin as a cypherpunk, crypto-anarchist, libertarian, anti-centralized government thing.”
“That’s what I thought was terrific about it,” Thiel recalled when first coming across Bitcoin.
However, he now maintains that Bitcoin "does not really operate in that manner."
“When people in the FBI tell me that they'd much rather have criminals use Bitcoin than $100 bills it suggests that maybe it's not quite working the way it was supposed to.”
Nevertheless, Bitcoin was intended to function as a public, permissionless, and decentralized ledger, and transactions were not meant to be entirely untraceable, as with Monero and other privacy-focused networks.
Bitcoin is trading at $60,450, a 1.8% decrease from the previous day.
Photo: Microsoft Bing
