A Billionaire Criticizes Warren Buffett As “Old Man From Omaha” And Bitcoin’s “Number One Enemy”
“He’s enemy number one, the antisocial grandpa from Omaha,” Thiel told a booing crowd in Miami. It is known that Buffett’s Berkshire Hathaway is headquartered in Omaha, Nebraska.
In 2018, Thiel is said to have amassed hundreds of millions of dollars worth of bitcoins through the Founders Fund venture capital fund. He also mentioned JPMorgan CEO Jamie Dimon and BlackRock CEO Larry Fink. Thiel presented a large graphic with images of two financial executives along with their negative comments on bitcoin.
All images have the word “senior regime”. Regarding Dimon, Thiel said his views are part of “the bias of New York City bankers”.
Thiel held up a photo of Buffett with the words “rat poison,” referring to a time when the Berkshire CEO likened bitcoin to a toxic substance. Another quote from Mr. Buffett was also quoted: “I don’t own any bitcoins and I never will.” Earlier this year, Berkshire invested $1 billion in Brazil’s Nubank, an online bank popular with crypto investors.
The Miami statement is Thiel’s latest and boldest public criticism of those he sees as standing in the way of bitcoin’s growth. “This is what we have to fight for in order for bitcoin to go up 10x or 100x from here,” Thiel said.
He added that there are investors who still tout blockchain as the technology underpinning cryptocurrencies, but feel the need to get rid of bitcoin and its legitimacy.
Representatives for Berkshire Hathaway did not immediately respond to a request for comment. A spokesperson for JPMorgan also declined to comment for this story.
A spokesperson for BlackRock reiterated to CNBC about the comments Mr. Fink made in his letter to shareholders last month. He wrote that the conflict between Russia and Ukraine could accelerate the adoption of digital currencies. He also said that “a carefully designed, global digital payments system could enhance the settlement of international transactions while reducing the risk of money laundering and corruption”.
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