A file image of Peter Thiel, co-founder of PayPal, delivers a speech during the evening session on the fourth day of the Republican National Convention at the Quicken Loans Arena in Cleveland, Ohio on July 21, 2016. Alex Wong/Getty Images
Technology billionaire Peter Thiel said Sunday at a conservative conference that the high price of bitcoin is an indicator of U.S. inflation, which has also recently touched a 13-year high.
“You know, $60,000 bitcoin, I’m not sure that one should aggressively buy,” Thiel said, according to Bloomberg. “But surely what it is telling us is that we are having a crisis moment.”
Naveen Athrappully
Reporter
Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.
