Billionaire investor Peter Thiel took aim at Bitcoin’s (CRYPTO: BTC) “enemies” in a speech on Thursday.
What Happened: Speaking at the Bitcoin 2022 conference in Miami, the PayPal Holdings Inc (NASDAQ: NASDAQ:PYPL) co-founder listed out Bitcoin’s most well-known enemies stating that they were standing in the way of the digital asset’s success.
Thiel declared Berkshire Hathaway Inc . (NYSE:BRKa) Class A (NYSE: BRK-A) (NYSE: BRK-B) CEO Warren Buffett to be “enemy number one” and went on to call him “the sociopathic grandpa from Omaha.”
He also called out JPMorgan Chase & Co. (NYSE: NYSE:JPM) CEO Jamie Dimon for his negative stance on Bitcoin, calling his views part of the “New York city banker bias.”
“When they choose not to allocate to bitcoin, that’s a deeply political choice,” he said.
The venture capitalist’s keynote address also featured him throwing wads of $100 bills into the crowd, and comments revealing a lack of conviction in Ethereum (CRYPTO: ETH).
What Else: Thiel seemed to echo the sentiments of SkyBridge Capital founder Anthony Scaramucci who recently made similar statements about Buffett and Dimon.
“These sorts of traditional finance people have made a decision not to do the homework, or maybe they’ve done the homework, and they have decided that it’s just too big of a change for them at this stage in their career,” said Scaramucci earlier this week.
Price Action: According to data from Benzinga Pro, Bitcoin was trading at $43,617, up 0.63% in the last 24 hours.
Photo: Courtesy of Gage Skidmore on Wikimedia
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