Billionaire investor Peter Thiel, Donald Trump's most prominent Silicon Valley supporter, came to Washington, D.C., to make his case for his candidate.

'No matter what happens in this election, what Trump represents isn't crazy and it's not going away,' Thiel told a crowd gathered at the National Press Club today.

Thiel, who also spoke at this summer's Republican National Committee, didn't support every move Trump has made, including the infamous 'p****' tape calling it 'offensive and inappropriate,' but said on the 'big things' Trump gets it right.

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Billionaire investor Peter Thiel spent his Monday at the National Press Club in Washington, D.C., making a compelling argument for Donald Trump

Addressing the crowd with a brief speech, before participating in a Q&A session with National Press Club President Tommy Burr, Thiel noted the many zany twists and turns of this election cycle.

'Real events seem like the rehearsals for "Saturday Night Live,"' he admitted.

But then he added a caveat.

'A lot of successful people are too proud to admit it because it seems to put their success in question, but the truth is, no matter how crazy this election seems it is less crazy than the condition of our country,' Thiel said.

Pointing to the Baby Boomer generation, and how many are financially unprepared to retire, and the millennials, steeped in student loan debt, Thiel talked about the country's problematic financial reality and suggested that those in Washington and Silicon Valley are out of touch.

With those inside the beltway thinking that 'people are doing just fine' and people in the tech belt believing that 'people are doing just great.'

'Most Americans are not part of that prosperity,' Thiel said, pointing to the ritzy Virginia and Maryland suburbs of Washington, D.C., and the prominent communities around San Francisco.

Thiel called both Trump and his Democratic rival Hillary Clinton 'imperfect people,' while condemning what Trump said when he was caught on hot mic as part of an 'Access Hollywood' interview.

'But I don't think the voters pull the lever in order to endorse a candidate's flaws,' he suggested.

'It's not a lack of judgment that leads Americans to vote for Trump,' he continued. 'We're voting for Trump because we judge the leadership of our country to have failed.'

Thiel suggested that that's not what 'the country's most fortunate, socially prominent people' want to hear.

'It's certainly been hard to accept in Silicon Valley, where many people have learned to keep quite if they dissent from the coastal bubble,' he said.

'Louder voices have sent a message that they do not intend to tolerate the views of one half the country,' he pointed out.

He noted some of the 'bizarre forms' this intolerance has taken. Including the Advocate, a gay news site, going from heralding Thiel, who is openly gay, for being a 'gay innovator' to publishing an article saying he's 'not a gay man.'

'Because I don't agree with their politics,' Thiel said, noting later that he believed Trum would be OK for gay rights, as he represented such a sea change from President George W. Bush, who talked about being anti-gay marriage on the stump at almost every campaign stop in 2004.

On being a Silicon Valley, openly gay, Trump supporter he said, 'The lie behind the buzzword of diversity could not be made more clear,' he said. 'If you don't conform than you don't count as diverse, no matter what your personal background.'

The billionaire mused how, then, faced with such contempt, so many people were still championing Trump.

'I think it's because of the big things Trump gets right,' Thiel said.

He suggested that while elites and policymakers seem to think that free trade was a good thing for Americans, 'not everyone benefits and the Trump voters know it.'

Thiel believed that Trump voters were also sick of war. He suggested that Clinton's call for a no-fly zone above Syria would actually increase the chance of an altercation with Russia, where he believed Trump would have no appetite for that.

Pointing to the Iraq War, which Trump insists he was always against, Thiel suggested Clinton would be the candidate more likely to keep the country involved in international spats.

'Yet even after these bipartisan failures, the Democratic Party is more hawkish today than at any time since it began the war in Vietnam,' Thiel said.

Thiel was also worried about bubbles in the American economy, suggesting that the policies of the two parties, led by Bill Clinton in the 1990s and George W. Bush in the 2000s didn't do enough to prevent a number of bubbles that wreaked havoc on the economy.

'For a long time, our elites have been in the habit of denying difficult realities, that's how bubbles form,' he suggested.

Trump, on the other hand, would deliver some real talk.

'His larger than life personal attracts a lot of attention,' Thiel relented. 'Nobody would suggest that Donald Trump is a humble man, but the big things he's right about amount to a much needed dose of humility in our politics.'

'He points toward a new Republican Party beyond the dogmas of Reaganism. He points even beyond the remaking of one party to a new American politics that overcomes denial, rejects bubble thinking and reckons with reality,' Thiel said.

'When the distracting spectacles of this election season are forgotten and the history of our time is written the only important question to be written is whether the new politics came too late,' he added.

Thiel liked that Trump questioned American exceptionalism and thought his fellow billionaire would make the country more 'normal,' by giving it a better trade policy, preventing it from going to 'five wars at a time' and delivering a government that actually works.

'Voters are tired of hearing conservative politicians say the government never works,' Thiel said. 'They know the government wasn't always this broken.'

'We have fallen very far from that standard. We cannot allow free market ideology to serve for an excuse for decline,' he said.

Thiel's more Libertarian than Republican, and was a supporter for former Rep. Ron Paul, during his presidential bids. Thiel also backed Carly Fiorina for president before she dropped out and Trump got the nomination.

The billionaire said he would have preferred to have seen an election between Trump and Clinton's primary rival Sen. Bernie Sanders.

'I have a strong bias for outsiders,' he said.

As for his coming out as a Trump supporter, Thiel said he was a little miffed at all the pushback it received 'I didn't think it was going to be, that there would be this sort of visceral reaction.'

'This is the first time I've done something that's actually conventional,' he continued. 'It didn't feel contrarian. It's the first time I've done something big in my life that was just what half the country believed in.