More On: Bitcoin
Senators and regulators explain why the $60 billion collapse of a major cryptocurrency is not the industry's Bear Stearns moment
Warren Buffett is at the top of a 'enemies list' of those seeking to derail bitcoin, according to billionaire venture capitalist Peter Thiel, who spoke at a bitcoin conference on Thursday.
JPMorgan CEO Jamie Dimon and BlackRock CEO Larry Fink were also singled out by Thiel, who had collected hundreds of millions of dollars in bitcoin through his startup firm Founders Fund by 2018. Thiel displayed enormous visuals of the two finance executives, as well as their pessimistic statements on bitcoin.
The images all contained the word “gerontocracy.” About Dimon, Thiel said his views are part of “the New York City banker bias.”
Thiel's outburst in Miami is his latest and most public attack on those he believes are impeding bitcoin's rise.
“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 Berkshire Hathaway spokesman did not respond to a request for comment right soon, while a JPMorgan official declined to comment for this article.
Fink made comments in his letter to shareholders last month, according to a BlackRock representative. The invasion of Ukraine by Russia, he claimed, might hasten the 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.”
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