In a recent podcast episode with Joe Rogan, billionaire investor and tech entrepreneur Peter Thiel shared his thoughts on Bitcoin, describing it as a significant force that society has yet to fully grasp.

Thiel, a long-time supporter of the cryptocurrency, emphasized that Bitcoin’s importance is so profound that it’s challenging for society to immediately recognize and process its implications.

Peter Theil, a long Supporter of Bitcoin

For more than ten years, PayPal and Founders Fund co-founder Peter Thiel has been a staunch supporter of Bitcoin. He has actively invested in cryptocurrencies in addition to endorsing them.

Thiel’s venture capital firm, Founders Fund, reportedly invested $100 million in Bitcoin last year when the coin was only worth about $30,000. The company started investing in Bitcoin in 2014, and by selling before the market crash in 2022, it generated a substantial profit of $1.8 billion.

During the 2021 bull run, Thiel’s devotion to Bitcoin was further demonstrated when he voiced regret for not making more investments in the cryptocurrency.

From late summer to early fall of last year, Founders Fund reportedly invested $200 million to acquire crypto tokens, splitting the investment equally between Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization, Reuters reported.

Also read: PayPal’s PYUSD On Solana Surpasses Ethereum Supply By $34M

Joe Rogan’s Advocating Bitcoin Through His Podcast

Thiel’s chat with Rogan is especially noteworthy in light of the platform’s enormous power and reach. With millions of listeners, Joe Rogan’s podcast is one of the most well-liked and lucrative programs on the planet. 

Remarkably, on-chain data shows that Rogan has been holding onto his Bitcoin for almost ten years without selling. This is consistent with his innate curiosity and enthusiasm for cryptocurrencies, which he frequently discusses in his podcast.

Sam Altman, the CEO of OpenAI, and Rogan previously talked about the advantages and disadvantages of artificial intelligence in one of the episodes. The FTX controversy, central bank digital currencies (CBDCs), and the latest advancements in the cryptocurrency market—particularly Bitcoin—were also discussed in this episode.

How is Bitcoin Holding Up Today?

Currently, Bitcoin is trading at $59,174.61, according to CoinMarketCap, marking a slight decline of just over 1% in the last 24 hours. Despite its volatile nature, Bitcoin remains the largest cryptocurrency by market cap, continuing to attract attention from both seasoned investors and newcomers.

Thiel expressed his belief in the revolutionary potential of Bitcoin in his comments on the program. His assertion that people find it difficult to comprehend the significance of Bitcoin points to larger issues that will hinder cryptocurrencies’ widespread acceptance.