Tech billionaires Peter Thiel and Michael Saylor have different approaches to crypto, which are reflected in how they invest in the space.
Tech billionaires Peter Thiel and Michael Saylor are establishing crypto company treasuries, but some financial observers note that their strategies could pose significant risk.
Both Thiel and Saylor have poured substantial capital into cryptocurrencies through their respective firms and investment vehicles: Saylor, with his software firm Strategy’s frequent Bitcoin (BTC) buys, and Thiel, through venture capital investments in crypto firms, and his exchange, Bullish, which went public earlier in August.
Each is not only seeking to expand his holdings but also how the cryptocurrency industry is shaped and regulated. But there are still significant differences in their respective strategies and outlooks regarding crypto, and companies that decided to form crypto treasuries could be inviting a “death spiral” when prices crash.
