The 2022 Bitcoin conference in Miami became a highly newsworthy event, as many industry leaders made an appearance on the scene. According to the organizers, at least 75 companies made their announcements at the conference. A libertarian crypto evangelist, Peter Thiel was no exception but decided to go creative.
Billionaire started his speech by tossing $100 banknotes into the crowd. “I thought you guys were Bitcoin maximalists,” he commented ironically on people catching banknotes. Shortly after, Peter Thiel made a controversial claim that central banks would soon go bankrupt and fiat currencies would lose their value, prompting “digital gold” to take the lead. “Bitcoin is always the most honest and efficient market in the world. It was the canary in the coal mine,” said Thiel, pointing out the positive correlation between the US dollar inflation and Bitcoin.
“I’m still hopeful that if Bitcoin goes up by a factor of 100, you’ll make a modest amount of money,” said Thiel, projecting Bitcoin’s growth to over $4m. However, the question emerges why hasn’t it yet surpassed even $100,00? Following Thiel’s train of thought, it’s because of the “nameless, faceless, bureaucrat” TradFi elites who deliberately stop Bitcoin from wider adoption.
To expose Bitcoin critics, Thiel prepared the “enemies’ list,” placing business magnate Warren Buffet first in the ranking. As the crowd applauded, Thiel slammed Buffet as a “sociopathic grandpa from Omaha.” Buffet, who built his wealth following the value investing strategy, has been a vocal critic of cryptocurrencies, vowing never to own any.
Apart from Buffet, Thiel’s “enemies’ list” also included JPMorgan CEO Jamie Dimon and BlackRock CEO Larry Fink, featuring their bearish comments on cryptocurrencies.