How a Massive Bet on Bitcoin Paid Off for Peter Thiel's Founders Fund

http://ift.tt/1xQ7ItR Thiel's firm made the bet on bitcoin, few mainstream investors have done the same due to concerns about the cryptocurrency's volatility and liquidity. JPMorgan Chase CEO and Chairman Jamie Dimon called bitcoin a fraud last fall, adding that, "If you're stupid enough to buy it, you'll pay the price ...

from Google Alert - Bitcoin http://ift.tt/2lRyTbh