Probably not.
He invested between $15-$20m in mid 2017.
With the price increase their holdings have increased drastically. If they were to cash out a significant amount then it would affect the price leaving the rest of their coins worth less.
The same goes with anyone holding large reserves looking to cash out. They sell small walls so they don't affect the price allowing the market to set the price and selling their coins in batches at the otherwise higher rates.
I guess 15 to 20 million dollar is not such a huge amount at the moment to affect bitcoin anyhow for a long-term. It may affect the price for a little while but where BTC stands with more than 200 Billion dollar market cap in which the said amount makes a share of less than 1%. Also we can term it as a pilot project investment by Peter Thiel's founder. Could be just a trial based to check whether to keep it in future or not. He invested between $15-$20m in mid 2017.
With the price increase their holdings have increased drastically. If they were to cash out a significant amount then it would affect the price leaving the rest of their coins worth less.
The same goes with anyone holding large reserves looking to cash out. They sell small walls so they don't affect the price allowing the market to set the price and selling their coins in batches at the otherwise higher rates.
