How a Peter Thiel crypto startup is set to deliver a more than 6,500% return:
The Silicon Valley venture capitalist and others bought stakes in a crypto startup called Block.one back in July 2018, and the company is returning an eye-popping sum to early backers, according to a Bloomberg News story on May 21 , which continues to swirl around Wall Street.
Read: ‘If you’re not a billionaire’ in 10 years ‘it’s your own fault,’ says 20-year-old bitcoin tycoon To put Block.one’s potential return in some perspective, over the past 12 months, the Dow Jones Industrial Average DJIA, +0.37% is up 2.1%, the S&P 500 index SPX, +0.14% has gained more than 3% and the Nasdaq Composite Index COMP, +0.11% has gained 2.7%, according to FactSet data.
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