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High cryptocurrency prices indicate severe inflation

November 7, 2021
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On November 7th, venture capitalist Peter Thiel stated at the National Conservatism Conference: The high price of cryptocurrency indicates that the economy is facing severe inflation.

He believes that this kind of price increase is not temporary, and criticized the Fed for not solving the inflation problem. He also failed to recognize its seriousness.

Regarding whether we should actively invest in Bitcoin now, he said: 60,000 US dollars in Bitcoin. I am not sure whether we should actively buy it. But this undoubtedly shows that we are in a moment of crisis. He said he regretted not buying more bitcoins early.

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