Billionaire Paypal co-founder Peter Thiel has produced a list of bitcoin’s foes, claiming that the “financial gerontocracy” is preventing the cryptocurrency’s price from skyrocketing a hundredfold. Warren Buffett, the CEO of Berkshire Hathaway, is at the top of the list. Thiel dubbed him “Omaha’s psychotic grandpa.”
Bitcoin’s Enemies are Revealed by Peter Thiel
While speaking at the Bitcoin 2022 conference in Miami, Florida, billionaire PayPal co-founder Peter Thiel unveiled his list of opponents who are preventing bitcoin from increasing 100 times.
He described the “enemies list” as a “collection of persons who I believe are working against bitcoin.” “There are a lot of them, and one of the ways they conceal is by adopting nameless, faceless bureaucrat attitudes.” Thiel went on to say:
We’ll try to expose them and recognize that this is the kind of battle we’ll have to wage if bitcoin is to move up 10x or 100x from now.
The world’s central banks are insolvent. He stated, “We are at the end of the fiat money regime.”
Warren Buffett, the CEO of Berkshire Hathaway, is top on the list of bitcoin’s enemies. Thiel posted a photo of Buffett beside two of his most famous bitcoin quotes: “rat poison” and “I don’t own any and never will.” He expressed his opinion as follows:
Omaha’s psychotic grandpa, in my opinion, is the most honest and direct of the bunch.
Thiel went on to say that Buffett is biased in favor of the fiat money system, and that money managers who follow the Berkshire Hathaway executive’s advice will pretend that investing in bitcoin is difficult.
JPMorgan Chase CEO Jamie Dimon is the next person on the list of bitcoin’s foes. “I don’t call them cryptocurrencies, I call them crypto tokens because currencies have rules of law behind them, central banks, and tax with authorities,” Thiel said of Dimon’s photo.
The second image he posted was of Blackrock CEO Larry Fink, who said, “I see big prospects in a digitized crypto-blockchain-related money, and that’s where I believe it’s going.” Fink’s comment, according to the Paypal co-founder, is symptomatic of an entire genre of bitcoin attacks that require more context, as “pro-blockchain is often an anti-bitcoin word.”
Thiel then went on to talk about environmental, social, and governance (ESG) norms, saying, “The label they’ve come up with, and possibly the actual opponent is ESG… ESG, in my opinion, is nothing more than a hate factory.” He emphasized:
You can always ask, “What is the difference between ESG and the Chinese Communist Party?”… CCP should be the first thing that comes to mind when you think of ESG.
“It’s the finance gerontocracy that rules the country,” the billionaire added, “via whatever idiotic virtue signaling/hate factory they have like ESG.” “This is what I would call a revolutionary young movement, and all we have to do now is leave this convention and take over the globe,” she says.
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