Palantir And Dell Are Set To Join S&P 500 Index: Here's What Peter Thiel And Michael Dell Have Said About Bitcoin

Aniket Verma

September 10, 2024

In a major development, tech behemoths Palantir Technologies Inc. (NYSE:PLTR) and Dell Technologies Inc. (NYSE:DELL) are all set to join the blue-chip S&P 500 index.

Typically, the inclusion is positive for stocks due to increased trading volume and liquidity resulting from purchases by index funds, ETFs, and other funds mirroring the index.

Interestingly, the people at the helm of these companies have been known for their affinity with Bitcoin (CRYPTO: BTC).

A Moderately Big Invention In The Eyes Of Peter Thiel

Palantir co-founder Peter Thiel has a significant history with the leading cryptocurrency.

Founders Fund, the venture capital firm established by Thiel, made $1.8 billion through Bitcoin investments just before the market collapsed in 2022. It then purchased another $100 million in Bitcoin in 2023, when the cryptocurrency was trading below $30,000.

Personally, Thiel considers Bitcoin a "moderately big invention." In a recent episode of the Joe Rogan Experience podcast, he stated, "We can debate whether it was good or bad, but it was a pretty big deal and was systematically underestimated for at least the first 10–11 years."

See Also: Peter Schiff Will Accept He Was Wrong About Bitcoin If Restaurants Begin To Show Prices In Satoshis Among Other Things

Michael Dell Finds Bitcoin ‘Fascinating’

Dell founder and CEO Michael Dell, on the other hand, has only recently expressed an interest in King Crypto through cryptic social media interactions.

It all started when he shared on X a digitally modified image of Sesame Street’s Cookie Monster, depicted as consuming Bitcoin instead of cookies.

In one instance, Dell wrote “Fascinating Bitcoin” in reaction to BlackRock CEO Larry Fink calling Bitcoin a legitimate financial asset.

More recently, the billionaire business tycoon commented "Enjoy Bitcoin" in response to a Sept. 7 exchange with another X user.

Enjoy #Bitcoin 🧡
— Michael Dell (@MichaelDell) September 6, 2024

Bitcoin supporters have construed these posts as signals that Dell Technologies, like MicroStrategy, may include the world's largest digital asset on its balance sheet in the future.

Price Action: At the time of writing, Bitcoin was exchanging hands at $57,200.41, up 4% in the last 24 hours, according to data from Benzinga Pro. Shares of Dell popped 3.83%, while Palantir’s stock soared 14% on Monday on the S&P 500 listing.

Read Next:

Trump’s Upcoming Crypto Project A Potential Problem In Making? DeFi, Stablecoin Promotion Raises Conflict Of Interest Worries

Image Via Shutterstock

Recommended

What If Kamala Wins? The 3 Words That Will Change Everything - Ad

My TOP Altcoin for Right Now Is... - Ad

The Last Time Gold Flashed This Warning Sign, the Market Dropped 80% - Ad

Elon Musk humorously commented on the recent endorsement of Kamala Harris by George Bush Jr.-era former Vice President Dick Cheney.

Mother Sells Taylor Swift Tickets Over Star's Endorsement Of Kamala Harris: 'I'm Gonna Shake It Off, And I'm Done With You'

A mother has chosen to sell the Taylor Swift concert tickets she had bought as a birthday present for her daughter in response to the pop star's recent endorsement of Kamala Harris.

DO NOT Make Another Trade Without Seeing This First

DO NOT Make Another Trade Without Seeing This First - Ad

Starting September 23... a huge secret of the markets could help you consistently target gains like: 126%... 245%... even 463% or more... often in 30 days or less... No matter what the market does next.

Americans Split On Election Result Acceptance Between Harris And Trump, Here Is The Candidate They Think More Likely To Accept Voters' Verdict

A survey conducted by ABC News/Ipsos has shed light on the American public's confidence in the acceptance of the upcoming November presidential election results by Vice President Kamala Harris and former President Donald Trump.

A key employee who called the Titan unsafe will testify before the Coast Guard

A key employee who labeled unsafe prior to its last, fatal voyage was set to testify Tuesday before U.S. Coast Guard investigators.

America Can't Afford a Harris Presidency

America Can't Afford a Harris Presidency - Ad

New research from Jim Rickards - former advisor to the CIA - reveals shocking predictions about an "Election Meltdown" coming this November. Jim's showing all American patriots why an "Election Meltdown" could crash stocks by 50%, lead to the final demise of the dollar, even cause violent riots in the streets.

Investigators say dispatching errors led to Union Pacific train crash that killed 2 workers

OMAHA, Neb. (AP) — Dispatching errors combined with the failure of two backup systems allowed a Union Pacific train to that had been parked on a side track for nine months in Southern California two years ago, killing an engineer and a conductor, according to a report issued Thursday.

Trump Misunderstands Taiwan's Role In Chip Industry, Says Economy Minister: 'The President Has A Lot On His Plate'

Trump had earlier suggested that Taiwan should compensate the U.S. for defense, accusing the island nation of taking American semiconductor business.

September 23 - The Biggest Crypto Event in History

September 23 - The Biggest Crypto Event in History - Ad

According to the man who called every major market top and bottom for the last 29 years... A single event triggering on September 23rd will send the crypto market soaring. But what's more exciting... is that this event could send a small sector of the crypto market soaring 5X, 25X, and even 100X higher in just days.

Trump plans to launch his sons' crypto business on Monday, 50 days before Election Day

WASHINGTON (AP) — Former President Donald Trump plans to deliver remarks next Monday about cryptocurrency and the launch of the company , a crypto platform controlled by the Republican nominee's sons Donald Jr. and Eric.

Campbell wants to say goodbye to the 'soup' in its name. It isn't the first to make such a change

NEW YORK (AP) — Campbell is ready to drop the soup — at least from its official name.

Man Who Called Nvidia at $1.10 Says Buy This Now...

Man Who Called Nvidia at $1.10 Says Buy This Now... - Ad

In 2004, a man predicted Nvidia's rise. Now, he says a new company, which IPO'd in 2023, could soar like Nvidia. It signed a major deal with Apple for its AI tech in iPhones and iMacs. Could it be the next trillion-dollar company? See why he believes it's among "The Next Magnificent Seven."

Scaramucci: Trump Wins Billionaires' Support Despite Coming Off As 'Raging Lunatic,' Harris Backs A 'Ridiculously Stupid Idea'

Trump is someone who can't keep to his messaging and his rival Kamala Harris can gain an upper hand by going on offensive, says Scaramucci.

Firm offers bets on congressional elections after judge clears way; appeal looms

ATLANTIC CITY, N.J. (AP) — You can now do more than just vote in this fall's Congressional elections: You can bet on them, too.

Don't Tell ANYONE About This Altcoin (Until It Pops)...

Don't Tell ANYONE About This Altcoin (Until It Pops)... - Ad

Quiet now! This governance token could be the sleeping giant of the crypto world... In the next bull market, this "DeFi 2.0" powerhouse might soar 10x... 50x... perhaps even 100x.

China's Chipmaking Investments Top US, Taiwan, South Korea Combined: What It Means For Nvidia, ASML

China invests $25 billion in chipmaking equipment, surpassing spending by South Korea, Taiwan, and the U.S. This could impact top chipmakers and suppliers like NVIDIA and ASML.

Jerome Powell-Led Investigation Finds Atlanta Fed President Raphael Bostic Breached FOMC Rules, Created 'Conflict Of Interest' Over Securities Trading Violations

Raphael Bostic, president of the Federal Reserve Bank of Atlanta, breached Federal Open Market Committee rules and Reserve Bank policies, according to a report by the central bank's Office of Inspector General.

Exposed: Democrats' Secret Plan to Keep Trump Out of the White House

Exposed: Democrats' Secret Plan to Keep Trump Out of the White House - Ad

Former advisor to the CIA, the Pentagon and the White House Jim Rickards just released this shocking new video exposing Democrats' secret plan to keep Trump out of the White House... Even if he wins the election. See the details and learn how to prepare... Because this could trigger the biggest constitutional crisis in our nation's history.

2 women charged in Lululemon shoplifting scheme in Minneapolis

MINNEAPOLIS (AP) — Two Minnesota women are charged with organizing thefts of several thousand dollars' worth of merchandise from a store in Minneapolis and then funneling the stolen goods through a suburban nail salon.

Former Deputy Claims Harris Helped Close Backpage, Fallout Affects Sex Workers

In the midst of the 2024 presidential campaign, Kamala Harris finds herself under the microscope for her involvement in the closure of Backpage.com, a well-known online platform for adult services, during her time as the Attorney General of California.

Kamala Harris May Seize This Cutting-Edge Tech -- Act Now

Kamala Harris May Seize This Cutting-Edge Tech -- Act Now - Ad

A new technology (not AI) is powerful enough to save America $1.7 TRILLION in healthcare costs each year. Trump is rumored to use it personally... And Kamala Harris has threatened to have key patents on it seized. Whoever wins the election - it could cause a massive surge in demand... And send a tiny firm with key patents on this technology soaring. It's currently trading for only $7. But it likely won't stay this cheap for long.

What to Stream: George Strait, 'Rebel Ridge,' Astro Bot, 'Slow Horses' and Mormon influencers

“The Secret Lives of Mormon Wives,” a docuseries following young wives in Utah, and the suspenseful thriller “Rebel Ridge” are some of the new television, films, music and games near you.

iPhone 16 Pro Vs. iPhone 15 Pro: Should You Upgrade To Apple's Latest iPhone?

The iPhone 16 Pro offers notable upgrades in display size, processing power, camera capabilities, and battery life over the iPhone 15 Pro, but the improvements may not be significant enough to justify an upgrade for all users unless these specific features are essential to them.

Discover the $2 Stock That Has Institutional Attention

Discover the $2 Stock That Has Institutional Attention - Ad

With a $1.3B market cap and forecasts to grow 2X faster than the sector, dozens of investment banks are betting big. Strong leadership, cash on hand, and a $3 target make it a must-see.

Tesla Considers Warner Bros Studio For Highly Anticipated Robotaxi Unveiling Event: Report

Tesla is reportedly looking to hold its robotaxi unveiling event at Warner Bros. Discovery's movie studio in Burbank, California.

Young girls are using anti-aging products they see on social media. The harm is more than skin deep

SACRAMENTO, Calif. (AP) — When she was in fifth grade, Scarlett Goddard Strahan started to worry about getting wrinkles.

Do Not Day Trade (Do This Instead)

Do Not Day Trade (Do This Instead) - Ad

Forget day trading (especially in markets like these). Trade OVERNIGHT instead! I've uncovered a shocking way to take 100% certain events (mandated by the U.S. Government)...And target OVERNIGHT payouts like: 253%... 327%... Even 383%! Enough to potentially hand you profits of $25,300... $32,700... heck even $38,300!

California governor signs laws to protect actors against unauthorized use of AI

SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom signed off Tuesday on legislation aiming at protecting Hollywood actors and performers against unauthorized artificial intelligence that could be used to create digital clones of themselves without their consent.

Moderna Faces Analyst Downgrades Amid Revised R&D Restructured Strategy and Delayed Profitability Target

Moderna announces plans to reduce R&D spending by $1.1 billion by 2027, focusing on ten key products. Analysts highlight near-term challenges, lowered price targets, and a delayed breakeven to 2028, with optimism around Moderna's oncology pipeline and long-term platform potential.

Oil Surge Predicted...But Are You Ready?

Oil Surge Predicted...But Are You Ready? - Ad

Do you own oil and gas stocks? Or are you thinking about buying some? If so, you need to see my #1 oil play for 2024. But it's NOT oil stocks, futures, or anything you've likely heard about. Rather, it's an unusual way to potentially bank monthly income from the oil and gas markets.

Stellantis Fires Back At US Dealer Council's Allegation Of 'Short-Term Decision-Making:' Carmaker Says 'Public Personal Attacks' Not The Way To Solve Problems

Carmaker Stellantis NV said on Wednesday that it takes "absolute exception" to the open letter sent by the President of U.S. Stellantis National Dealer Council (NDC) Kevin Farrish to company CEO Carlos Tavares, terming it a "public personal attack."

Tesla Bull Blames EV Giant For Elon Musk Missing Out On Time Magazine's 'Most Influential People' In AI, Says It Needs To 'Work Harder' On Managing Press

The Future Fund managing partner Gary Black on Thursday pinned the unfavorable media coverage on EV giant Tesla Inc to a lack of effort from the company to manage the press.

President Trump and Elon Musk Issue Stark Warning

President Trump and Elon Musk Issue Stark Warning - Ad

Both President Trump and Elon Musk are warning about something that could send the market down 50%, real estate down 40% and savings accounts down 30%.

France's Macron to visit Serbia with a possible deal to sell French warplanes in a shift from Russia

BELGRADE, Serbia (AP) — French President Emmanuel Macron starts a two-day state visit to Serbia on Thursday with the focus on the possible sale of 12 Rafale multi-purpose fighter jets to the country, which has maintained close ties to Russia despite its invasion of Ukraine.

Kentucky's Massive Cannabis Licensing Response: 5,000 Applications Filed Before Deadline

Nearly 5,000 medical cannabis license applications were filed in Kentucky by the August deadline, showing immense interest.

New "Living Missile" to Replace Nuclear Missiles

New "Living Missile" to Replace Nuclear Missiles - Ad

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

US-sanctioned Serbia official meets Putin, says Belgrade is an ally and won't join Western penalties

Serbia is a Russian ally and will never impose sanctions against Moscow or join NATO, the Balkan nation’s deputy prime minister said Wednesday as he met with Russian President Vladimir Putin.

Tesla CEO Elon Musk Wants To Bring Back Dogecoin As A Payment Option To Buy Company's Merchandise

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk said on Friday that he would like to have the option of paying with meme cryptocurrency Dogecoin (CRYPTO: DOGE) reinstated for the company’s merchandise.

Seven Unknown AI Stocks That Could Dominate the Next Six Years

Seven Unknown AI Stocks That Could Dominate the Next Six Years - Ad

The original "Magnificent Seven" stocks generated 16,800% over the last 20 years. But now a new set of AI stocks is set to take over. Alex Green dubs them "The Next Magnificent Seven." And he's arguing that just $1,000 in each could turn into more than $1 million in less than six years.

DHL sues MyPillow, alleging company founded by Mike Lindell owes $800,000

MINNEAPOLIS (AP) — Package is suing MyPillow, alleging the company synonymous with its founder, chief pitchman and election denier Mike Lindell owes nearly $800,000 for unpaid bills.

Trending Now