Cryptocurrencies

Peter Thiel Tells Crowd Where He’d Look for Elusive Bitcoin Founder Satoshi

  • Tech billionaire has been a long-time investor in Bitcoin
  • Guessing game to identify Bitcoin creator remains popular
Peter Thiel, co-founder and chairman of Palantir Technologies Inc.Bloomberg
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Peter Thiel told a crowd of a few hundred people assembled at a Miami conference where he’d look for clues about the real identity of Satoshi Nakamoto, the now almost mythical pseudonymous founder of Bitcoin -- a beach in the Caribbean.

“My sort of theory on Satoshi’s identity was that Satoshi was on that beach in Anguilla,” the technology billionaire and self-described libertarian said Wednesday, recounting an early meeting with the founders of E-Gold Ltd., a now defunct digital currency that was indicted by the U.S. Justice Department in 2007. “I met them on the beach in Anguilla in February of 2000. We were beginning the revolution against the central banks on the beach in Anguilla. We were going to make PayPal interoperable with E-Gold and blow up all the central banks.”