Peter Thiel, the lightning rod venture capitalist, made a list of ‘enemies’ Thursday as a way to name anti-crypto investors. He was speaking at a Miami-based cryptocurrency conference, which is a hot spot.
He said to the crowd, “Let’s expose [them],”
Thiel’s top pick: Warren Buffett. Thiel called him a “sociopathic grandpa” for his previous comments about crypto’s value. ‘Enemy No. He said it, looking up at the enlarged image of Buffett. Thiel also decried JP Morgan CEO Jamie Dimon, and BlackRock CEO Larry Fink. He said, “They should be allocating some money to bitcoin.” “We must push back against them.
Thiel’s presentation was the highlight of a otherwise pro-crypto and pro-bitcoin speech that Thiel gave at Bitcoin 2022, an annual gathering of crypto enthusiasts in Miami Beach. Thiel also criticised central banks all over the globe, blasting them for slow adoption of digital technology. He said that bitcoin’s rise in value over the past few years is “telling us that central banks are bankrupt.” It is a sign that the fiat money regime is ending.
Thiel has been considering virtual money for some time. Thiel co-founded PayPal in 1998 and then left to manage a number of investment firms, including Founders Fund. Thursday’s appearance was rare in recent times. Thiel has decided to stop investing and focus his efforts on Republican politics .
The Bitcoin 2022 conference will be held on his turf. His bayside home is just minutes from his. The Founders Fund, which he owns, has been a vocal supporter of Miami’s efforts to be a tech hub in the midst of the pandemic. Particularly, it is a haven to crypto enthusiasts like Thiel.
Thiel said bitcoin’s value could rise 100 times more. It currently trades at $43,665, down over 30% from its November highs. Thiel stated that the cryptocurrency needs to be adopted by large institutions before it reaches $4.3 million per coin. Buffett and other ‘enemies” are here to help. They are powerful enough to stop any such shift.
Thiel also described the debate as a battle between the young and old (pro-crypto). He said, “It’s an exciting moment.” “We must get out of this conference and take control of the world.”