Peter Thiel Shreds $100s and Mocks the Unwashed Masses at Crypto Conference
After a brief and boring interlude of opining on Bitcoin and Ethereum, Thiel offered his thoughts on why crypto was lacking mainstream adoption. If you asked anyone else that same question, they’d likely offer opinions backed by tangible evidence: that the world’senergy-sucking Bitcoin wallet in every pocket, or that theseto be useful for everyday transactions.
“Bitcoin is the most honest market in the world. It’s the most efficient market,” Thiel said, “It is telling us that the central banks are bankrupt, that we are at the end of the fiat money regime.”According to Thiel, Bitcoin’s slow adoption is also due to the fact that Federal Reserve Chair Jerome Powell is too ungrateful to the gods of digital finance to see the opportunities it presents.
“I think the central bankers—Mr. Powell, people like that—should be extremely grateful to Bitcoin,” Thiel went on, “Because it’s the last warning they’re going to get. They’ve chosen to ignore it, and they will have to pay the consequences for that in the years ahead.”Thiel himself isn’t known as an especial Bitcoin bull. He said in the very same Miami address that he wished he had bought into the cryptocurrency earlier. In the same vein, Powell has not made a particular enemy of Bitcoin.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Peter Thiel Pumps Bitcoin, Calls Warren Buffett A ‘Sociopathic Grandpa’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.
Read more »
Peter Thiel Calls Warren Buffett a ‘Sociopathic Grandpa’The Trumpy billionaire also attacked BlackRock’s Larry Fink and JP Morgan’s Jamie Dimon.
Read more »
Pink Floyd Reunites and Shreds for UkraineIt’s their first new song in 30 years, and 30 percent of it is a David Gilmour guitar solo.
Read more »
Flea Shreds National Anthem on Bass, With Some Special Charlie Parker Riffs for Kareem Abdul-Jabbar.flea333's Lakers game performance had some Jimi Hendrix-style blown-out insanity, along with some deep jazz references for Kareem Abdul-Jabbar.
Read more »
Peter Thiel Pumps Bitcoin, Calls Warren Buffett A ‘Sociopathic Grandpa’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.
Read more »
Scaramucci sees bright future for crypto but 'very worried' about US politiciansSpeaking at the AFR Cryptocurrency Summit in Australia, Anthony Scaramucci said he believes that despite “weak leadership” in American politics and criticism from famous investors, Bitcoin will be fairly regulated.
Read more »