This Former Facebook Investor Sells Bitcoin After Holding 8 Years

Peter Thiel’s Founder Fund, which invests in “revolutionary technologies that reshape the world” has reportedly sold most of its Bitcoin assets by March 2022 as the slump in the market continued last year. The venture capital firm, co-founded by the billionaire himself, cancelled almost all of its bets on cryptocurrencies, which had been held for eight years, just before the market began to plummet last year. As a result, the firm made returns of almost $1.8 billion.