Peter Thiel Buys Millions in Bitcoin & Japan Economy Gets Boost from Bitcoin - 0.3% GDP
January 4, 2018
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5:49Now PlayingPeter Thiel Buys Millions in Bitcoin & Japan Economy Gets Boost from Bitcoin - 0.3% GDP
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as posted by the channelBitcoin in Japan Wall Street Journal reported that Founders Fund, the venturecapital firm cofounded by Peter Thiel, has amassed hundreds of millions of dollars of Bitcoin. The bet has been spread across several of the firm’s most recent funds, including one that began investing in mid2017 and made bitcoin one of its first investments. Analysts from Japanese finance giant Nomura have found Bitcoin could be contributing as much as 0.3% extra GDP to Japan. Nomura analysts Yoshiyuki Suimon and Kazuki Miyamoto estimate the wealth effect of Bitcoin could boost consumer spending in Japan to as much as 96 billion yen ($855.4 million). Japan made Bitcoin a legal currency and it surged in popularity.
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