Bitcoin rises after report says early Facebook investor Peter Thiel is buying massive amounts

Peter Thiel's Founders Fund has bought millions of dollars in bitcoin, The Wall Street Journal reported Tuesday, citing sources familiar with the situation. Those holdings are worth hundreds of millions of dollars, the newspaper says. It wasn't clear whether Founders had sold any of its holdings, the report …
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Early Bitcoin Investor Says Bitcoin Could Drop 50% Before Going Higher

Dan Morehead, CEO of Pantera Capital, a hedge fund focused on digital currencies, has told CNBC that Bitcoin may drop 50% before pushing to new highs. Morehead purchased Bitcoin at $ 72. While the statement appears bearish, Morehead was actually pointing investors in cryptocurrencies toward a …
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