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Thiel Says High Cryptocurrency Prices Show Inflation is Real

  • PayPal co-founder regrets not buying more when price was lower
  • Thiel critical of institutions for dismissing opposing views
Peter Thiel

Peter Thiel

Photographer: Kiyoshi Ota/Bloomberg

Peter Thiel said Sunday at a conservative conference that the high price of Bitcoin indicates the economy is facing real inflation.

The tech billionaire said price rises aren’t transitory, and criticized the Federal Reserve for not addressing inflation and failing to recognize its seriousness.