Bitcoin Investor Peter Thiel to join Trump’s presidential transition committee

Announcements | November 14, 2016 By:

Renowned Silicon Valley investor Peter Thiel has been appointed to Donald Trump’s transition committee.

Thiel, 49, was one of the few tech industry executives who supported Donald Trump as a candidate for American presidency. Reportedly, he will deal with vetting presidential appointments and selecting which of Trump’s campaign promises will become the policies. There have not been revealed many details about his new role.

“Together this outstanding group of advisors, led by Vice President-elect Mike Pence, will build on the initial work done under the leadership of New Jersey Gov. Chris Christie to help prepare a transformative government ready to lead from day one. The mission of our team will be clear: put together the most highly qualified group of successful leaders who will be able to implement our change agenda in Washington. Together, we will begin the urgent task of rebuilding this nation – specifically jobs, security and opportunity. This team is going to get to work immediately to Make America Great Again,” said President-elect Donald J. Trump.

Thiel is an investor in bitcoin and blockchain companies, meaning that someone near the top of power actually understands how the sector works. Moreover, he even said in 2013 that bitcoin has the potential to save the world.