PayPal Co Founder & Billionaire Peter Thiel Calls Warren Buffett A ¡®Sociopathic Grandpa¡¯ & Enemy No.1

Peter Thiel, German-American billionaire, venture capitalist and co-founder of PayPal, has suddenly become the talk of the town. In his attempt to call out anti crypto investors while speaking at Miami Bitcoin 2022 conference on Thursday, Peter Thiel offered up what he called an ¡°enemies list¡±.

He reportedly told the crowd ¡°Let¡¯s expose them¡±, as per Forbes.

At the top of Thiel¡¯s 'enemy' list was one of the greatest investors of all time, Warren Buffett, who the billionaire Thiel referred to as a ¡®sociopathic grandpa¡¯ for Buffett¡¯s previous comments casting doubt on the value of crypto. And that¡¯s not all. ¡®Enemy No. 1¡¯, he said while glancing up at a blown-up image of Buffett.

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In addition to Buffett, Thiel did not spare JP Morgan CEO Jamie Dimon and BlackRock CEO Larry Fink. He said ¡°They need to be allocating some of their money to bitcoin. We need to push back on them.¡±

54-year-old Thiel¡¯s presentation of the list was the most striking moment in an otherwise straightforwardly pro-crypto, pro-bitcoin speech given at Miami Bitcoin 2022.

Peter Thiel also reportedly criticised central banks around the world, slamming them for their slow uptake on digital technology. The increase in bitcoin¡¯s value over the last several years is ¡°telling us that the central banks are bankrupt. It¡¯s ¡°telling us that we¡¯re at the end of the fiat money regime.¡±

The Geretocracy v the youth pic.twitter.com/qMJxVlNKSP

¡ª Kyle @ BTC Miami (@kylewestaway) April 7, 2022

Bitcoin Price Could Increase 100 Times

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Thiel suggested bitcoin¡¯s price could still increase 100 times over. But before that, he believes that the cryptocurrency would need to see considerably further adoption driven by large institutions. And that¡¯s where Buffett and the other ¡®enemies¡¯ come in.

Thiel further framed the debate as an argument between the old (anti-crypto) and the young (pro-crypto). He said ¡°It¡¯s a revolutionary moment. We have to go out from this conference and take over the world.¡±

Thiel has been thinking about virtual money for a while. He co-founded PayPal in 1998, then departed to run a series of investment firms, including Founders Fund. And yesterday¡¯s appearance was a rare recent moment for him in the public spotlight.

But this conference was on his home turf and the crypto hotspot, Miami. He owns a bayside mansion a few minutes away, and his Founders Fund has become one of the loudest cheerleaders for Miami as it has tried to position itself as an emerging tech hub during the pandemic. In particular, a haven for crypto obsessives like Thiel.

Also Read: Crypto Will Collapse One Day, Says Rakesh Jhunjhunwala

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