{"id":52083,"date":"2021-11-01T10:13:33","date_gmt":"2021-11-01T08:13:33","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=52083"},"modified":"2025-09-03T08:29:08","modified_gmt":"2025-09-03T05:29:08","slug":"peter-thiel-says-bitcoin-at-60000-is-a-sign-of-inflation","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/peter-thiel-says-bitcoin-at-60000-is-a-sign-of-inflation\/","title":{"rendered":"Peter Thiel says Bitcoin at $60,000 is a sign of inflation"},"content":{"rendered":"<p>The high price of Bitcoin indicates that the economy is facing real inflation. This view was expressed by PayPal co-founder Peter Thiel, <a href=\\\"https:\/\/www.bloomberg.com\/news\/articles\/2021-10-31\/thiel-says-high-cryptocurrency-prices-show-inflation-is-real\\\">Bloomberg<\/a> reports.<\/p>\n<p>Speaking at the Conference on National Conservatism, the billionaire said that price increases are not a temporary phenomenon. He criticised the U.S. Federal Reserve for not fighting inflation and not understanding its seriousness.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>&#8220;You know, Bitcoin is already at $60,000, and I&#8217;m not sure it should be bought aggressively. But this certainly tells us that we&#8217;re in a crisis moment,&#8221; Thiel said.<\/p>\n<\/blockquote>\n<p>According to him, the Fed does not even realise there is a problem and wrongly believes it can print money without negative consequences for price growth.<\/p>\n<p>Thiel again <a href=\"https:\/\/forklog.com\/en\/news\/peter-thiel-rues-underinvestment-in-bitcoin\">expressed regret<\/a> that he did not invest more money in the first cryptocurrency.<\/p>\n<p>Earlier, Twitter chief Jack Dorsey <a href=\"https:\/\/forklog.com\/en\/news\/jack-dorsey-warned-about-inflation-and-michael-saylor-saw-salvation-in-bitcoin\">said hyperinflation is coming<\/a>, which will change everything around.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The high price of Bitcoin indicates that the economy is facing real inflation. This view was expressed by PayPal co-founder Peter Thiel, Bloomberg reports.<\/p>\n","protected":false},"author":1,"featured_media":52084,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1224,1138,706],"class_list":["post-52083","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-macroeconomics","tag-opinions","tag-peter-thiel"],"aioseo_notices":[],"amp_enabled":true,"views":"60","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/52083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=52083"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/52083\/revisions"}],"predecessor-version":[{"id":52085,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/52083\/revisions\/52085"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/52084"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=52083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=52083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=52083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}