According to the founder, BTC was systematically underestimated for at least the first 10 to 11 years and was available for trade within the time frame. Furthermore, the asset experienced a smooth upward move in the same time frame and did not get repriced all at once.
While it was launched in 1989, the project gained significant global adoption only in 1999. After analyzing BTC’s impact in the financial sector today, Thiel claims that the crypto king is witnessing the same explosive growth and recognition as the Internet in 1999.
