'Sociopathic grandpa from Omaha' is Bitcoin's enemy No. 1 – tech guru

'Sociopathic grandpa from Omaha' is Bitcoin's enemy No. 1 – tech guru

PayPal co-founder and billionaire venture capitalist Peter Thiel has accused some of the most prominent American financial figures of trying to lock cryptocurrencies out of the mainstream.

Speaking at the Bitcoin 2022 conference in Miami Beach on Thursday, Thiel said that Berkshire Hathaway's Warren Buffett was “enemy number one.” He described the investment icon as a “sociopathic grandpa from Omaha.”

Next up on the crypto-unfriendly list are JPMorgan chief executive Jamie Dimon and BlackRock CEO Larry Fink.

“These names on my list stand in the way of Bitcoin's progress. These are the things we have to fight for to get Bitcoin to go 10x or 100x from here,” said Thiel, who has been claiming that digital currencies could supplant the current financial system.

The businessman also argued that traditional investors should be putting money in Bitcoin. “When they choose not to allocate to Bitcoin, that is a deeply political choice, and we need to be pushing back against them,” he said.

Thiel also pointed to the ESG (environmental, social, and governance standards) problem, which is an increasingly popular way to evaluate investments and the impact they have on the world.

“The finance gerontocracy that runs the country through whatever silly virtue signaling slash hate factory term like ESG they have, versus what I would call, what we have to think of as a revolutionary youth movement,” he said.

According to the billionaire, Bitcoin-associated companies are a target for ESG firms because they're among the few entities not subject to heavy government influence. “Perhaps the real enemy is ESG,” said Thiel.

For more stories on economy & finance visit RT's business section

Source: www.rt.com

The last notes - Экономика

most read news

#Экономика

The Central Bank of Russia (CBR) is considering creating a compensation fund for local investors whose assets have been frozen by Western nations, Governor Elvira Nabiullina said on Thursday during
подробнее...

Price for electricity in two key EU markets saw enormous increases on Friday, forcing the bloc’s leaders to call an emergency meeting to discuss the power-supply crisis that keeps tightening its grip,
подробнее...

Russian energy major Gazprom's stock jumped 31% on Wednesday to 267.25 rubles per share (just over $4.43) on the Moscow Exchange, following the company’s announcement of bumper profits and dividend
подробнее...

Electricity prices in Germany are expected to jump to record highs next year, the Neue Osnabrucker Zeitung newspaper reported on Friday, citing the country’s local public utilities association
подробнее...

Natural gas spot prices in Europe continue to rise with September futures on the TTF hub in the Netherlands jumping to nearly $3,500 per thousand cubic meters on Friday, according to data on the
подробнее...

Imports of Russian goods by Mexico saw a substantial annual increase of more than 20% during the first six months of the current year, according to the latest figures released by the Bank of Mexico.In
подробнее...

Hundreds of various types of unsanctioned Russian goods worth billions of dollars continue to flow into US ports, Associated Press reported on Thursday.The report highlighted that over 3,600 shipments
подробнее...

The Moldovan government has launched a special website which will help citizens find firewood to heat their homes, authorities announced this week.“The site provides information about the nearest
подробнее...

The EU is planning urgent steps to bring down surging power prices, European Commission President Ursula von der Leyen said on Monday, as quoted by Bloomberg.“The skyrocketing electricity prices are
подробнее...

One of Russia’s top banks, VTB has become the first lender in the country to launch money transfers to China in yuan, sidestepping the Western-controlled global financial messaging system SWIFT.“The
подробнее...

The proposal by the EU to place a price cap on Russian natural gas imports is a foolish, non-market-oriented plan that has no future, Russian President Vladimir Putin said on Wednesday.“Faced with
подробнее...

Russia has huge natural gas reserves that could last for more than a century, the head of state-owned Gazprom, Alexey Miller, said on Wednesday at the International Business Congress. “Our consumers,
подробнее...

Major European ports have signaled their readiness to facilitate the export of Russian fertilizers, UN Secretary-General Antonio Guterres said in an interview with RIA Novosti, published on
подробнее...

The engine of European economic development, Germany, is set for a contraction, Deutsche Bank CEO Christian Sewing warned this week, as cited by CNBC.According to the media outlet, Sewing said in a
подробнее...

Russian state-owned energy giant Gazprom confirmed on Tuesday it had cut off off gas supplies to French utilities company Engie. The Paris-based firm has failed to pay for July gas deliveries in full,
подробнее...

The European Commission on Sunday proposed withholding $7.5 billion in funds allocated to Hungary, due to corruption concerns. The suspension is aimed at protecting the bloc’s budget, according to
подробнее...

The European Union will lose around €21 billion ($20.97 billion) if it bars Russian tourists from entering the bloc, State Duma Speaker Vyacheslav Volodin wrote on his official Telegram channel on
подробнее...

Falling demand for Russian natural gas in the EU will be compensated for by shifting supplies to rapidly developing regions across the world, Kremlin press secretary Dmitry Peskov said on Wednesday.
подробнее...