PayPal, Facebook & Bilderberg Heavyweight Peter Thiel Enters Bitcoin Space

[heading]Peter Thiel Enters Into Bitcoin Space[/heading]

BitPay has announced a capital raise of $2 million led by Peter Thiel’s Founder’s Fund. Max Keiser’s Heisenberg Capital was also a part of the capital raise.  Thiel, through Valar Ventures, also invested $6 million into Transferwire, a p2p online exchange around the same time.

What this betokens is the future of Bitcoin. This will be a future in which Mt. Gox and all the other usual suspects are no longer the main players of Bitcoin. This torch will be passed onto major transnational corporations whom already have Money Transmission Licenses and, in most cases, are operating in the US or were at least founded there.

Peter Thiel is a heavyweight addition to the Bitcoin scene.  He co-founded PayPal and was its CEO, and currently presides over Clarium Capital and its $700 million in assets. He is also a managing partner in The Founders Fund, a $275 million venture capital fund. Thiel was the first outside investor in Facebook, the popular social-networking site, with a 10.2% stake acquired in 2004 for $500,000 and is on the company’s board of directs. Thiel was also ranked #293 on the Forbes 400 in 2011, with a net worth of $1.5 billion as of March 2012.

Peter Thiel invests into an array of futuristic technologies. He co-foudned Palantir Technologies, which provides solutions to “technical problems” like “combating terrorism, prosecuting criminals, fighting fraud and eliminating waste.”

Thiel is also on the Bilderberg Group’s Steering Committee, which governs the group through its elected chairman. The Steering Committee also decides who gets to attend the meetings.

Peter Thiel worked closely with Ron Paul:

• Ron Paul 2008 Presidential Campaign Committee
• Committee to Re-Elect Ron Paul
• Endorse Liberty
• Rand Paul for US Senate 2010

With Peter Thiel entering into the space, one can be sure that companies like Gox and others, most of whom now face litigation, will likely give way to multinational companies looking to get into and eventually control the ecosystem of Bitcoin.

Posted in GSB daily blog.

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