Saturday, May 21, 2022
Home Crypto News Market Peter Thiel Takes a Swipe at Warren Buffet, Calls him ‘Sociopathic Grandpa’...

Peter Thiel Takes a Swipe at Warren Buffet, Calls him ‘Sociopathic Grandpa’ for Criticizing Bitcoin

- Advertisement -

Peter Thiel strongly criticizes Warren Buffet and others.

Lightning-rod venture capitalist Peter Thiel has called Warren Buffet a “Sociopathic grandpa” for being a critic of Bitcoin. Thiel said this at the Miami bitcoin 2022 event when he called the “Enemies List” of investors criticizing Bitcoin.

Warren was on top of the list for saying severally that crypto has no value. Others on the list were JP Morgan CEO Jamie Dimon and BlackRock CEO Larry Fink, about whom he said: 

“We’re going to try to expose them, We need to keep them pushing back.” 

He went on to call Buffett “the sociopathic grandpa from Omaha,” adding he was “enemy No. 1” 

Thiel asserted that traditional investors should be allocating money to Bitcoin.

“When they choose not to allocate to Bitcoin, that is a deeply political choice, and we need to be pushing back against them,” 

Peter Thiel is a long-term investor in Bitcoin and blockchain-based businesses, including crypto exchanges. He is also known to be a political activist in the Republican party. After co-founding PayPal, he left the company in 1998 and later co-founded Founders Fund and many other firms.

Bitcoin could go up 100x

Peter Thiel isn’t only pro-Bitcoin but is confident that the price of the digital currency can go up much more than its current level. The billionaire venture capitalist says the cost can still go up 100x over from the current price of $42,964. 

He argued that for Bitcoin to go as high as 100x from here, there is a need for massive adoption, and Warren Buffet and others on the “Enemies List” will need to come on board for that to happen. This dream may become a reality as institutional investors have been coming into the crypto space in the last year.

According to Thiel, the war on Bitcoin is between the old anti-crypto people and the young generation of pro-crypto people, which must be won. “It’s a revolutionary moment. We have to go out from this conference and take over the world,” he said.

Bitcoin is the end of fiat

Bitcoin has made phenomenal progress as an investment in the ten years. Since its creation, the asset has gone up over 50 million percent, most of the growth recorded in the last three years. Thiel says that Bitcoin’s success is “telling us that the central banks are bankrupt. It’s “telling us that we’re at the end of the fiat money regime.”

- Advertisement -


The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.


Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Shiba Inu Lead Developer Says Things Will Get Interesting Next Week 

Something Interesting coming for Shiba Inu community. window.coinzilla_display = window.coinzilla_display || ; var c_display_preferences...

Bill Gates Says He Is Not Invested In Crypto Because It is Valueless to Society 

The former world's richest person does not have any love for crypto. Bill Gates, the co-founder of popular tech company Microsoft disclosed that he does...

Binance CEO Says UST and LUNA Crash Could Have Been Avoided If Terra Used Its Bitcoin Reserve Earlier 

CZ is still not happy with the way Terra handled last week’s situation as he believes the crash could have been avoided if the...

Tether CTO: LUNA And UST Were Flawed In Design But Not A Rug Pull

The team at Terra has been struggling to save LUNA and UST after a sudden crash that sent the price of LUNA spilling down...

Two Major Indicators Suggest Bitcoin (BTC) Possible Price Rebound Above $35,000 

There is a likelihood that Bitcoin's price will rebound soon as it currently sits around major support levels.   Following last week’s market turmoil that...

Majority Of Terra Community Wants New Luna Chain Without UST

The Terra community has been deliberating on the way forward after the crypto lost over 95% of its ATH value. Many in the crypto...

Can Crypto Payments Finally Take Off?

Helio, the Web3 payments company, launched its beta this week to offer a much-needed path for faster adoption of crypto payments. Its complete Web3...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.