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CryptoGlobe

2023-01-20 01:20:00

Billionaire’s VC Fund Made $1.8 Billion Offloading Crypto Ahead of Market Crash

Billionaire’s VC Fund Made $1.8 Billion Offloading Crypto Ahead of Market Crash

The Founders Fund, a venture capital firm co-founded by billionaire Peter Thiel, offloaded a nearly eight-year bet on cryptocurrencies shortly before the market started crashing last year, generating $1.8 billion in returns in the process. According to a report from the Financial Times, the San Francisco-based fund made its first cryptocurrency investment back in 2014,

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