16 May '13, 11pm

Peter Thiel Gets the Bitcoin Bug

Interesting news out today in the Bitcoin world. As you may recall, last week I highlighted how the highly respected venture capital firm Union Square Ventures (Fred Wilson, early investor in Twitter) invested in Coinbase. Today we learn that another very high profile investor has plunged into the Bitcoin pool. In this case it’s Peter Thiel, and his investment is in BTC merchant processor Bitpay, a company I have highlighted previously on several occasions. Back in March I noted that the company was putting up mind-boggling growth rate numbers. Incredibly, the tremendous growth rate continues as they added another 1,900 merchants in April and are currently signing up around 100 additional merchants a day. From

Full article: http://www.zerohedge.com/news/2013-05-16/peter-thiel-gets...

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ZeroHedge: Peter Thiel Gets the Bitcoin Bug

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Interesting news out today in the Bitcoin world. As you may recall, last week I highlighted how the highly respected ventu...

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