Paypal Founder Peter Thiel reveals the biggest mistake he made in the last decade

Last week, the new book dubbed “The Founders” written by Jimmy Soni was discussed at great length during a panel conversation with the co-founders of Paypal. The story, “The Founders”: The Story of Paypal & the Entrepreneurs Who Shaped Silicon Valley was published last month. It gives an overview of the history of Paypal.

The callin.com broadcast published on March 12, features the Paypal co-founders Peter Thiel, Max Levchin, David Sacks, and Luke Nosek. While most of the conversation touches on the Paypal origins topic, at the 55: 30 mark, the discussion turned to cryptocurrencies. The host of the discussion managed to squeeze in one more question, as he said “it would not be a tech conversation without a little bit of wild-eyed forward-looking statements.”

The discussion host explained that there was a “whole cryptocurrency thing” happening amid the rise of Paypal. He also highlighted how Peter Thiel had “written and spoken a lot.” Thiel then responded to a question about what the group thought about crypto and “payment systems now”. Thiel, the co-founder of Paypal, said

The biggest mistake I made in the last decade was getting too late and too little into bitcoin.

While Thiel was a huge Bitcoin enthusiast, he ‘Was Somehow Programed to Not See It ‘

Thiel explained further: “You know, we invested in 2014 in Founders Fund and did reasonably well, but it was on my radar in 2010 and 2011 — We had seen all these crazy cryptocurrency people, at the time at Paypal, it was one of the things that I was actually super interested in and it motivated me, but none of the models quite worked.” Thiel further added:

With bitcoin, I was somehow programmed to not to see it as much as I should have.

The Paypal co-founder’s statements last week are similar to the declarations he made in October. Thiel spoke at a Miami cryptocurrency event last year and stated that he felt “underinvested” in [bitcoin].”. Thiel also stressed the importance of bitcoin in Miami by saying that it was “the canary within the coal mine — It is the most honest market in the country .”

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What do you think about the Paypal co-founder Peter Thiel’s statements about bitcoin and his remorse for not getting into it much sooner? Comment below to let us know your thoughts on this topic.

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