Bullish Global is the name of a new crypto exchange that has been financed, among other things, with funds from Thiel Capital. But even a German billionaire has his fingers in the game.
Block.one is about to found a new Bitcoin exchange. The exchange, called Bullish Global, is said to be partly centralized and partly decentralized. For example, the exchange uses the EOS Blockchain to create a cryptographically validated transaction path, the author of which is Block.one itself.
In addition to Block.one, which is itself one of the most financially strong companies in the crypto space, a number of prominent investors are supporting the project with money. The most prominent investor in Bullish is Peter Thiel, who is involved with two venture capitalists (Thiel Capital and Founders Fund). In addition, Galaxy Digital, the investment bank Nomura and private investors such as Alan Howard, Louis Bacon and the German billionaire Christian Angermayer also control capital. The latter also supports Bullish Global together with Peter Thiel, Alan Howard and Richard Li as Adivsor.
Angermayer, who recently rose to the ranks of billionaires through clever investments in biotech companies, has been associated with the crypto sector for some time. According to his own statements, his passion for cryptocurrencies stems from self-experiments with psychoactive substances such as psilocybin. The German invested in Bitcoin back in 2015. Regarding his latest investment in Bullish Global, Angermayer laconically said, “I’m bullish”.
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Bullish Global, which is to operate as a subsidiary of Block.one, has the best starting conditions. After all, according to bitcointreasuries.org, Block.one is one of the richest companies in the space. At least if you measure the capital in Bitcoin: The company’s treasury holds 140,000 BTC worth 7.7 billion US dollars.
Peter Thiel: Investment in the Bitcoin industry is not new
Peter Thiel is also known to be busy in the Bitcoin space. It was not until the end of 2020 that his VC Valar Ventures invested millions in the Austrian neobroker Bitpanda. Most recently, Thiel warned against Bitcoin as the “Chinese financial weapon”. As we have already explained, however, the statement should rather be provided in such a way that Thiel warned against a monopoly of the crypto industry in the Middle Kingdom. In this context, the investment in Bullish is also an effort to strengthen the US Bitcoin space.
Another indication of Thiels-Kryptoiebeleien comes from the house Palantir, whose chairman is the German-American. According to CFO Dave Glazer, the data analysis company has recently started accepting Bitcoin as a means of payment. It is also said that one is playing with the idea of exchanging a certain part of the cash reserves for BTC.