Thiel offered full-throated support for cryptocurrencies like bitcoin at a large crypto gathering—while criticizing Buffett and others for their opposition to the virtual assets.
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Peter Thiel, the lightning-rod venture capitalist, offered up what he called an “enemies list” on Thursday, his attempt to call out anti-crypto investors while speaking at a prominent cryptocurrency conference in Miami, a crypto hot spot.At the top of Thiel’s roll: Warren Buffett, who Thiel referred to as a “sociopathic grandpa” for Buffett’s previous comments casting doubt on the value of crypto. “Enemy No. 1,” he said, glancing up a blown-up image of Buffett.
Thiel’s presentation of the list was the most striking moment in an otherwise straightforwardly pro-crypto, pro-bitcoin speech given at Bitcoin 2022, a large annual gathering of crypto supporters in Miami Beach. Thiel also criticized 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,” he said.
Thiel has been thinking about virtual money for a while. He cofounded PayPal in 1998, then departed to run a series of investment firms, including Founders Fund. Thursday’s appearance was a rare recent moment in the public spotlight. Thiel has stepped away from investing and from high-profile moments like these,But the Bitcoin 2022 conference is on his home turf.
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