At a Bitcoin conference on Thursday, billionaire venture capitalist Peter Thiel said Warren Buffett was at the top of the “list of enemies” of people trying to shut down cryptocurrency.
“Enemy No. 1,” Thiel told the Miami crowd, “is Omaha’s sociopathic grandfather.” Buffett’s Berkshire Hathaway is located in Omaha, Nebraska.
Thiel, who raised millions of dollars worth of bitcoin through the Venture Farm Founders Fund by 2018, also called Jamie Dimon, CEO of JPMorgan, and Larry Fink, CEO of BlackRock. Thiel presented great graphics with pictures of the two financial executives and their bearish comments about Bitcoin.
All the pictures contain the word “gerontocracy”. As for Dimon, Thiel said his views were part of a “New York City banker bias.”
Peter Thiel, President and Founder of Clarium Capital Management LLC, speaks at the Bitcoin 2022 Conference on Thursday, April 7, 2022 in Miami, Florida, USA.
Eva Mari Uzkategui | Bloomberg | Getty Images
Thiel Buffett grabbed a headshot with the word “rat poison” on it, and the Berkshire CEO used that phrase to refer to the time when Bitcoin was fired. Another quote from Buffett reads, “I don’t own any and I will never.” Earlier this year, Berkshire invested $ 1 billion in Brazil’s Nubank, an online bank popular with crypto investors.
Miami Tirad is Thiel’s latest and boldest public attack that he sees standing in the way of Bitcoin’s progress.
“We have to fight for Bitcoin to get 10x or 100x from here,” Thiel said.
He added that these investors felt the need to blockchain, a technology that works based on cryptocurrencies, but also to reduce Bitcoin and its legitimacy.
“When they choose not to allocate to Bitcoin, it is a deep political choice,” said Thiel, a prominent supporter of Republican politicians, especially former President Donald Trump. Buffett, Thiel said, invested in the “list of oak companies.”
At one point, Thiel presented a colorful picture of Miami next to the word “youth.”
“We need to say, you know, you have to go on board with it,” he said.
A Berkshire Hathaway representative did not immediately respond to a request for comment, and a spokesman for JPMorgan declined to comment on the story.
A BlackRock spokesman pointed to CNBC’s comments in his letter to shareholders last month. He wrote that Russia’s invasion of Ukraine could accelerate the adoption of digital currencies, adding that “a global digital payment system, thoughtfully designed, reduces the risk of money laundering and corruption, while increasing the settlement of international transactions.”