“Peter Thiel, co-founder of PayPal and famed Silicon Valley investor, has revealed he believes bitcoin could make some serious waves in the world of finance. Speaking at the Thiel Foundation Under 20 Summit, last weekend, Thiel said he gave a talk back in 1999 that mentioned the end of monetary sovereignty and how encrypted money was going to ‘change the world’. ‘I do think bitcoin is the first one of these that has the potential to do something like that,’ he added. The investor addressed the anti-bitcoin arguments that digital currency is ‘fake’, a temporary ‘bubble’ and ‘doesn’t represent anything real’ by stating that a lot of these arguments actually apply to the US dollar too.”
http://www.coindesk.com/peter-thiel-claims-bitcoin-potential-change-world/