Peter Thiel

The current central-bank/fiat monetary regime, signalled by bitcoin's rise, is about to blow up (within about two years, by end of 2023).

“It's the most honest market we have in the country, and it's telling us that this decrepit … regime is just about to blow up.”

Said on

21 October 2021 · Remarks at a Lincoln Network event in Miami, October 21, 2021, speaking about bitcoin at about $60,000. "Just about to" with no date: inferred window of about 2 years.

Source

Peter Thiel on bitcoin: 'I feel like I've been underinvested in it' · CNBC

Should come true

Oct 2023

How sure they sounded

it's telling us ... just about to

Categories

EconomyCryptoBanking

Importance

4 of 5 · Claims the global fiat monetary system is about to collapse.

Outcome

Inaccurate

Inferred window about two years (to Oct 2023). Inflation spiked in 2022 and several US banks failed in March 2023, but the Fed-run dollar/fiat regime did not blow up; the Fed tamed inflation with rate hikes and the dollar remained the reserve currency. Stress short of collapse, so inaccurate.

Evidence:

• https://en.wikipedia.org/wiki/2021%E2%80%932023_inflation_surge
• https://en.wikipedia.org/wiki/2023_United_States_banking_crisis