PayPal co-founder and venture capitalist Peter Thiel has accused top US financiers of trying to sabotage bitcoin.
PayPal co-founder and venture capitalist Peter Thiel has reprimanded some of the most prominent US financiers at the Bitcoin 2022 conference, claiming they are actually the ones for the flagship cryptocurrency’s failure to hit the $100,000 milestone. are responsible.
The controversial tech entrepreneur specifically slammed Berkshire Hathaway CEO Warren Buffett as a “sociopathic grandpa”. Thiel also took aim at JPMorgan Chase CEO Jamie Dimon and BlackRock CEO Larry Fink.
Thiel believes that the aforementioned financial titans are trying to harm bitcoin by focusing on environmental, social and governance (ESG) investments. BlackRock was rumored to be behind Tesla’s decision to stop accepting bitcoin payments due to climate concerns.
The German-American billionaire, who has attracted much criticism for backing far-right Republicans, also took a dig at Federal Reserve Chairman Jerome Powell, claiming he had to keep bitcoin as a final warning. Must be “extremely grateful”.
The Silicon Valley mogul decided to step down from Meta’s board of directors earlier this year. The move would allow the conservative provocateur to focus on far-right candidates for the 2022 midterm.
In October, Thiel said that bitcoin crossing $60,000 was a “sign of extreme hope.” He said this was a sign that the ‘Girti’ government was on the verge of collapse. Thiel then linked bitcoin’s big rally to out-of-control inflation.
The world’s largest cryptocurrency peaked at $69,044 on November 10th. It is currently trading at $43,674 on the Bitstamp exchange.
However, Mike Novogratz, CEO of Galaxy Digital, recently said that bitcoin could still go to the moon in 2022 if the Fed becomes less aggressive.