According to multiple sources who talked to Buzzfeed on condition of anonymity, Thiel has said in private conversations that he believes the administration is "incompetent," speculating that "there is a 50% chance this whole thing ends in disaster."
While Thiel was a very vocal supporter in the run-up to the election, he reportedly became disenchanted a week before the election, saying he had no confidence in either candidate, and noting that whoever won would only be in office for one term, as they would inevitably be brought down by some sort of financial catastrophe.
Additionally, Thiel was allegedly "annoyed" that Trump hadn't accomplished more in the first months of his presidency, and feared things would slow to a halt, preventing major tax reform that Thiel has been pushing for.
When reached for comment by Buzzfeed, Thiel didn't explicitly deny the quotes attributed to him, but said in a statement: "The night he won the election, I said President Trump would face an awesomely difficult task. Today it's clear that resistance to change in Washington, D.C. has been even fiercer than I anticipated. We still need change. I support President Trump in his ongoing fight to achieve it."
Peter Thiel: There is a 50% chance this whole thing ends in disaster— Frederick Douglass (@HITEXECUTIVE) August 7, 2017
Me: And another 50% chance it ends in the Apocalypse.
Peter Thiel might want to consider supporting things that are better for people & planet. Careful what you wish for, Peter.— Griz (@grizatlcp) August 7, 2017