Peter Thiel's Founders Fund Bets on Crypto Rebound with $200M Investment
• Founders Fund, led by billionaire Peter Thiel, invested $200M in Bitcoin and Ethereum • The firm previously made over $1.8B in crypto profits before 2022 crash • Thiel is a vocal crypto advocate who sees it as an alternative financial system • The investment signals growing institutional confidence after 2022 crypto winter • It marks Founders Fund's re-entry into crypto after cashing out pre-crash last year