Billionaire and Paypal co-founder Peter Thiel has compiled a list of Bitcoin’s enemies, the “financial gerontocracy,” which he said is preventing the cryptocurrency’s price from skyrocketing a hundredfold. Berkshire Hathaway CEO Warren Buffett tops the list. Thiel called him “the sociopathic grandpa of Omaha”.
Peter Thiel reveals list of Bitcoin’s enemies
Billionaire Paypal co-founder Peter Thiel shared his list of enemies stopping Bitcoin from surging 100x on Thursday while speaking at the Bitcoin 2022 conference in Miami, Florida.
The “enemy list [is] a list of people who I believe are stopping bitcoin,” he said. “There’s a lot of them, they tend to have nameless, faceless bureaucrat perspectives, which of course is one of the ways they hide.” Thiel continued:
We will try to uncover them and realize that we have to fight for Bitcoin to increase 10x, 100x from here.
“Central banks are going bankrupt. We are at the end of the fiat money regime,” he said.
First on the list is Warren Buffett, CEO of Berkshire Hathaway. Thiel uploaded a picture of Buffett with two of his most famous quotes about Bitcoin: “rat poison” and “I don’t own any and never will”. He mean:
I think Omaha’s sociopathic grandpa is perhaps the most honest and direct in it.
Thiel further noted that Buffett has a bias that leads him to long focus on the fiat money system, and money managers who take the Berkshire Hathaway executive’s advice will pretend it’s complicated to get into to invest bitcoin.
The next person on Bitcoin’s list of enemies is Jamie Dimon, CEO of JPMorgan Chase. Thiel captioned Dimon’s image with a quote: “I don’t call them cryptocurrencies, I call them crypto tokens because behind currencies are legal rules, central banks and taxes with authorities.”
The next image he posted was of Blackrock CEO Larry Fink with his quote: “I see huge opportunity in a digitized crypto blockchain-related currency and that’s where I think it goes.” Co-founder added that Fink’s quote is somewhat representative of an entire genre of bitcoin attacks that need further context, stating that “pro-blockchain is an anti-bitcoin term, very typical.”
Thiel then brought up environmental, social and governance (ESG) standards, explaining, “The label they came up with, and maybe the real enemy, is ESG… I think ESG is just a hate factory.” He emphasized:
You can always ask the question, “What is the difference between ESG and CCP, the Chinese Communist Party?” … When you think of ESG, you should think of CCP.
“It’s the financial gerontocracy running the country through some silly signal/hate factory for virtues like ESG that they have,” the billionaire concluded. “This is what I would call a revolutionary youth movement and we just have to go out of this conference and take on the world.”
What do you think of Peter Thiel’s comments? Let us know in the comments section below.
Kevin Helms
photo credit: Shutterstock, Pixabay, WikiCommons
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