Former PayPal CEO Peter Thiel named Warren Buffet as enemy number one trying to stop cryptocurrencies like Bitcoin and Dogecoin. This was conveyed at a Cryptocurrency Conference in Miami, USA, Thursday (7/4/2022).
“[Warren Buffett] is enemy number one,” said Peter Thiel as quoted by CNBC International, Friday (8/4/2022). “Sociopath grandfather (a personality disorder characterized by antisocial behavior and thought patterns) from Omaha.” Warren Buffett’s investment firm Berkshire Hathaway is based in Omaha.
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Apart from mocking Warren Buffet, Peter Thiel also made fun of JPMorgan CEO Jamie Dimon and BlackRock CEO Larry Fink or their negative content towards cryptocurrencies. He called their views “the bias of New York City bankers.”
After that he also encouraged cryptocurrency lovers who were present at the conference to fight for the price to continue to skyrocket.
“This is what we have to strive for so that Bitcoin goes up 10 times or 100 times from now,” said Peter Thiel. “When they choose not to allocate their funds to Bitcoin, it is a very political choice.”
A spokesperson for Berkshire Hathaway and a spokeswoman for JP Morgan declined to comment on Peter Thiel’s remarks.
But Larry Fink doesn’t seem to completely underestimate cryptocurrencies. In a letter to shareholders last month, he wrote that Russia’s military attack on Ukraine could accelerate the adoption of digital currencies.
“A carefully designed global digital payment system can improve the settlement of international transactions while reducing the risk of money laundering and corruption,” wrote Larry Fink.