#2190 - Peter Thiel

2048.573 - 2078.039 Peter Thiel

And it was systematically underestimated for at least the first 10, 11 years. You could trade it. It went up smoothly for 10, 11 years. It didn't get repriced all at once because – we're in a world where nothing big ever happens. And so we have no way of processing it when something pretty big happens. The internet was pretty big in 99. Bitcoin was moderately big. The internet was really big.