Peter Thiel shares his money views of President Trump, Facebook, Bitcoin, global finance, and trade.

Apple Boston

2018-03-05 07:34:00 Mon ET

Peter Thiel shares his money views of President Trump, Facebook, Bitcoin, global finance, and trade etc. As an early technology adopter, Thiel invests in Facebook and Bitcoin. The former connects people with better social integration around the world, and the latter offers a new crypto medium of exchange for online payments. Network effects breed positive feedback loops, whereas, there is a critical inflection point where these network effects fall over into the madness of crowds. As one of the co-founders for PayPal and Palantir, Thiel thinks it is important to ensure third-party payment security for safer cross-border finance and trade.

Thiel supports President Trump because his economic policy reform helps avoid fake culture wars between different civilizations. Trump tax cuts and infrastructure expenditures help boost American household consumption, firm production, and financial intermediation. In light of antitrust investigations into Google and some other Silicon Valley tech firms, Thiel considers these firms in trouble as subsequent government regulation looms as a major business risk. As a serial entrepreneur, Thiel emphasizes the importance of ambition that transcends just making money for a company. Disruptive innovation not only replaces prior technology, but also significantly improves and enriches the economic lives of others.

 


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