Peter Thiel: 'There are no successful tech companies in Europe'

Cornelia Mascio
Marzo 18, 2018

Technology investor Peter Thiel said on Thursday that "there are no successful tech companies in Europe" and blamed Europe's ongoing efforts to regulate tech companies on jealousy of larger companies in the US.

Peter Thiel, an influential billionaire venture capitalist and supporter of President Donald Trump, says the fellow businessman will certainly win re-election in 2020.

Thiel compared Bitcoin to a digital version of gold and argued that the quest to amass money "is the bubble that never pops". The billionaire is now estimated to be worth more than $3 billion.

The housing market has been another key area of discussion. Thiel, whose hedge fund Clarium Capital soared during the housing collapse and later imploded for failing to quickly spot the recovery, singled out high-priced housing as the main growth barrier for coastal startups.

Along with geography, sector is important, Thiel said.

But Thiel added that will only occur "if he runs again", according to multiple reports.

"I thought that supporting Trump was one of the least contrarian things I've ever done [.]" he said. Thiel, who helped elect Trump and advised him during the transition, became a lightning rod for liberal ire with some founders and venture investors in the Valley killing deals because they disagreed with Thiel's political views.

Thiel already has a new project where he is creating a conservative website from L.A, where he intends to hire celebrities from Fox news.

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