Billionaire venture capitalist Peter Thiel said Thursday that US entrepreneur Warren Buffett is “Bitcoin’s number one enemy.” Thiel was speaking at the Bitcoin Conference held in Miami, Florida.
According to Thiel, Buffett is on top of the “enemy list” of people trying to stop cryptocurrency. Thiel told a booed Miami crowd that Buffet was “the sociopath grandfather from Omaha,” according to CNBC. “Let’s expose them,” he told the audience.
Peter Thiel, co-founder of PayPal and Palantir, has stated several times in the past that he regrets not investing enough in Bitcoin. “I feel like I haven’t invested in it,” Thiel told conference attendees, according to a Bloomberg report. He said that he believes that everyone already knows the secret of the so-called cryptocurrency. But he said, “It might still be enough of a secret.”
To name a few, Warren Buffett has a reputation for investing in stocks whose value and cash flow comes from producing things. In an interview with CNBC in 2020, Buffett said that cryptocurrencies have no real value. along and pay you more money later, but then this guy got into the problem. “It doesn’t meet the currency test,” the billionaire said, as reported by CNBC in 2014.
“It is not a permanent medium of exchange, not a store of value.” He added that although cryptocurrency is a very effective way to transfer funds without revealing your identity.
But he also drew an analogy with checks, saying that it is also a method of transferring money, but that it must be of great value, simply because of the ability to transfer money.
Meanwhile, not only Buffet but Jamie Dimon, president of financial giant JPMorgan Chase & Co., also called Bitcoin a “scam.” Dimon is not a fan of Bitcoin, the largest cryptocurrency by market capitalization. “Personally, I think bitcoin is worthless,” Dimon was quoted as saying by CNBC. But, “I don’t want to be a spokesperson—I don’t care,” Damon said. “Our clients are adults. they disagree. This is what makes markets. So if they want access to buy bitcoin yourself, we can’t keep it but we can give them access as legitimate and clean as possible.”
.
