Peter Thiel's Founders Fund venture capital fund has invested millions of dollars in Bitcoin ( BTC), The Wall Street Journal (WSJ) reported today, citing sources "familiar with the issue".

The fund reportedly invested $ 15 to $ 20 million in Bitcoin, which has reached hundreds of millions over the past year. Since January 1, 2017, BTC has increased by nearly 1,400 percent

The WSJ report was not clear on whether the founders had sold or not. one of his holdings so far

Thiel founder of PayPal and an early Facebook investor, also serves on President Trump's technology advisory board. At an investment conference in October, Thiel spoke positively about cryptocurrency, and in particular about Bitcoin, saying:

"Although I am skeptical, I think that people are a bit underestimate bitcoin, in particular, because it is like a form of reserve of money.If bitcoin ends up being the cyber equivalent of l '. however, it has great potential. "

The Market Reacts

Since WSJ reported on the Founder Fund's BTC investments, the price of the main cryptocurrency has increased by 14% in the last few hours to reach a high of $ 15,444 per piece. BTC has been trading on the side since, priced at around $ 15,000 at the time of the press.

<img alt=" Bitcoin Charts "src =" https://cointelegraph.com/storage/uploads/view/d24142648ae5f104ecf41f1cae4eb46b.png "title =" Bitcoin Charts "/>

The rise of Today's price follows an unstable period in recent weeks, after peaking at over $ 20,000 at the end of December and falling to $ 11,833 on December 22. Today, the dominance of BTC reached a new historic low of 34.97%, reflecting increased market interest in altcoins.

Other well-known traditional investors who bet on Bitcoin include Bill Miller. , 50% of its hedge fund's money was invested in the main cryptocurrency.

The launch of Bitcoin futures last month on two major US stock exchanges also drew more attention. traditional investors in the cryptocurrency market.]

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