Peter Thiel calls Warren Buffett a ‘sociopathic grandpa from Omaha’ and bitcoin’s ‘enemy number one’ Published Thu, Apr 7 2022 https://www.cnbc.com/2022/04/07/thi...opathic-grandpa-from-omaha-about-bitcoin.html At a bitcoin conference in Miami, venture investor Peter Thiel presented a slideshow that included criticisms of financial opinion leaders who he says are trying to stop the cryptocurrency. Thiel called Warren Buffett a “sociopathic grandpa from Omaha.” He also took aim at JPMorgan’s Jamie Dimon and BlackRock’s Larry Fink. Billionaire Peter Thiel slams Warren Buffett as crypto’s ‘enemy number one’ At a bitcoin conference on Thursday, billionaire venture capitalist Peter Thiel said Warren Buffett tops an “enemies list” of people who are trying to stop the cryptocurrency. “Enemy number one,” Thiel said to a booing Miami crowd, is “the sociopathic grandpa from Omaha.” Buffett’s Berkshire Hathaway is based in Omaha, Neb. Thiel, who by 2018 had reportedly amassed hundreds of millions of dollars worth of bitcoin through venture firm Founders Fund, also called out JPMorgan CEO Jamie Dimon and BlackRock CEO Larry Fink. Thiel presented large graphics with images of the two financial executives and their bearish comments about bitcoin. The images all contained the word “gerontocracy.” About Dimon, Thiel said his views are part of “the New York City banker bias.” Peter Thiel VCG/VCG | Getty Images Thiel held up a headshot of Buffett with the words “rat poison” on it, referring to the time the Berkshire CEO dismissed bitcoin using that phrase. Another quote from Buffett read, “I don’t own any and I never will.” Earlier this year, Berkshire invested $1 billion in Brazil’s Nubank, an online bank that’s popular among crypto investors. The Miami tirade is Thiel’s latest and boldest public attack on the people he sees as standing in the way of bitcoin’s progress. “This is what we have to fight for bitcoin to go 10x or 100x from here,” Thiel said. He added that those investors are fine touting blockchain, the technology underpinning the cryptocurrency, but feel the need to take down bitcoin and its legitimacy. “When they choose not to allocate to bitcoin, that’s a deeply political choice,” said Thiel, a prominent backer of Republican politicians, most notably former President Donald Trump. Buffett, Thiel said, invests in a “list of woke companies.” At one point, Thiel presented a colorful photo of Miami next to the word “youth.” “We need to say, you know, you have to get on board with this,” he said. A representative from Berkshire Hathaway didn’t immediately respond to a request for comment, and a JPMorgan spokesperson declined to comment for this story. A BlackRock spokesperson pointed CNBC to comments Fink made in his letter to shareholders last month. He wrote that Russia’s invasion of Ukraine could accelerate adoption of digital currencies, and said “a global digital payment system, thoughtfully designed, can enhance the settlement of international transactions while reducing the risk of money laundering and corruption.”
Breaking news: Investor pushing his investments. What's new? Totally not a cult. We against them attitude. Maybe Peter should work on/back a crypto that can do more than 8 tx per seconds. lol
Buffet spent the equivalent of Peter Thiels net worth on toner cartridges on Thursday. I like Peter but he's punching above his weight class on this one!
Just give Buffet a few more years. He has to be pushing 100 by now. Not once have I ever appreciated a man who cheated with insider information to give himself an unfair advantage to become rich and famous.
Buffett cannot stop Bitcoin. Governments like China can. Politicians and the global elite will not want to give the power they currently hold to manipulate the currency and ultimately people's behavior. They are enemy number one, not just of crypto, but of the free market.
If you think Bitcoin at $42K each is cheap, you should buy 1 or 10 and hodl for 10 years, you won't have to worry about your retirement, Pekelo