Doesn’t matter if you are a fellow billionaire, in Peter ThielYour book, you can see crypto as the future, or you as the “enemy”. “Enemy number one: the sociopath grandpa from Omaha,” said Thiel, the billionaire PayPal co-founder and major donor to the pro-Trump Republican Party, in a statement. Address at a crypto conference in Miami this week, mocking business magnate and Nebraska native Warren Buffett. Thiel, whose current company has amassed a substantial Bitcoin fortune, also condemned the JPMorgan Chase chairman Jamie Dimon and BlackRock CEO Larry Fink are the other two “enemies” of Bitcoin, removing Dimon, Fink, and Buffett as a trio of geriatric tyrants standing in the way. Thiel’s comments are his latest attempt to turn crypto into a right-wing cultural issue, praising Bitcoin as a revolutionary conservative movement fighting against “wake-up” corporations. ” and the financial base.
The conference’s list of speakers are among those trying to become the power center of the crypto economy — an economy notable for its lack of centralized authority. or organization. It has a Super Bowl champion Odell Beckham Jr., tennis superstar Serena Williams, and soccer player and newly minted anti-vax emblem Aaron Rodgers, It’s all about between the countless famous people who already accept cryptocurrencies — some paid to advertise it to the public. Journalist Glenn Greenwald and leading figures on men’s rights Jordan Peterson appeared at the convention for more ideological reasons. Above a Thursday panelGreenwald praises Bitcoin for promoting “free speech and anti-imperialism” around the world, adding that both Donald Trump and Hillary Clinton perceived that cryptocurrency technology was so “threatened to the prevailing order” that they had to unite against it. Meanwhile, Peterson uses his conference form to Bitcoin description is the next frontier of capitalism, saying that there are “two reasons for free markets and capitalism. It gives the belligerent something to do without being destructive. “
Thiel swear “To expose” his fellow billionaires, who are perhaps more cynical about crypto — though even those on Thiel’s so-called enemies list clearly see that need to make money. “Financial democracies run the country through whatever ethically silly-signal-slash-hate-factory like ESG [environmental, social, and governance] they compared to what I would call – what we have to think of a revolutionary youth movement,” Thiel said. “When they choose not to allocate to Bitcoin, it is a deeply political choice and we need to push them back.”
Buffett caught the attention of crypto heads by ridicule Bitcoin is purely speculative “rat poison” that holds “There is no single value.” However, in February, Buffett’s company 1 billion dollar investment in a Brazilian digital bank specializing in cryptocurrencies. Dimon called Bitcoin a fraudulent, “worthless” asset. Fink has said that Bitcoin is a “money laundering indicator”. But like Buffett, Fink is slowly warming up to Bitcoin, writes in a March letter told shareholders that “a thoughtfully designed, global digital payment system can enhance the settlement of international transactions while reducing the risk of money laundering and corruption”. Even Dimon who refused to call digital currency “currency”, recently praised blockchain technology used by Bitcoin in a letter to shareholders of JPMorgan Chase. “There are numerous uses where blockchain can replace or improve contracts, data ownership, and other innovations,” Dimon wrote in an annual shareholder letter published this week.
During his conference speech, Thiel advised investors to break away from government-backed financial systems and jump into the cryptosphere if they want to survive the coming wave of global inflation. next. After admitting that the future of cryptocurrencies is precarious and difficult to predict, Thiel emphasize Bitcoin is “always the most honest market in the world” and “the most efficient.”
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