Peter Thiel’s Founders Fund Bets Big On Bitcoin And Ether With $200M Investment: Report
In a recent development, Founders Fund, the venture capital firm established by billionaire Peter Thiel, has reportedly invested significantly in the cryptocurrency market. What Happened: The Founders Fund invested $200 million in cryptocurrency tokens, with half the amount in Bitcoin (CRYPTO: BTC) and the other half in Ether (CRYPTO: ETH), the two largest cryptocurrencies, between late summer and early fall last year, Reuters reported. This move, which was not previously disclosed, highlights a renewed interest in token investments among institutional investors. Despite the market crash in 20…