"Peter Thiel's Founders Fund's $200 Million Crypto Investment Before Bull Run"

Peter Thiel's Founders Fund made a $200 million investment in bitcoin and ether last year, signaling Silicon Valley's renewed interest in cryptocurrency markets. This move marks a comeback for crypto markets, which suffered in 2022 after a regulatory crackdown. Founders Fund, known for its early bets in companies such as SpaceX and Meta, has over $12 billion in assets under management and has been an early institutional investor in crypto. Thiel, a co-founder of PayPal and Palantir, has publicly praised bitcoin as a store of value and a hedge against central banks' monetary policy, aligning with his interests in libertarianism, small government, and technology innovation.