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During an event hosted by the Economic Club of New York on Thursday, venture capitalist and PayPal co-founder Peter Thiel was asked by Fox News host Maria Bartiromo if he thinks President Donald Trump will get a second term in office.

"I think that if he runs again, he will get re-elected," Thiel said. "He'll make a judgment. And if he thinks he can get re-elected, he will run. And if he runs, I think he will win."

He said it's likely that Democrats will do "quite well" in the 2018 midterm elections, but 2020 will be "much trickier."

He explained that they key to the 2020 election is if Democrats have learned from Hillary Clinton's loss in 2016.

"There were issues that [Clinton] was not talking about, not relating to," he said. "I'm not yet sure that there will be that adjustment."

He added that he sees a “vague parallel” between the way the Democrats have treated Trump and how  Republicans treated former President Barack Obama.

“There’s a reason Obama got elected. There were some very real problems in this country. You had to talk about those problems,” he said. “It was a failure by the Republicans not to do that in 2012. And I think the Democrats are setting themselves up for an even bigger version of that failure.”

Thiel said that if Democrats continue to have disdain for the president, a "hate factory where it's about hating Trump all the time," it will inhibit them from engaging with the nation's issues.

Watch the full event below. The discussion about 2020 begins at 46:35.

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