Peter Thiel blasts Warren Buffett, Jamie Dimon, Larry Fink as ‘finance gerontocracy’ at Bitcoin 2022

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Thiel blamed the finance titans for Bitcoin\u0027s failure to reach US$100,000

In his keynote speech at the Bitcoin 2022 conference in Miami Thursday, Thiel blamed the finance titans for the digital currency’s failure to reach US$100,000, a benchmark popular among the asset’s die-hard supporters.

“What is it going to take for this to happen?” he asked, before pinning blame on Buffett, 91, whom he called a “sociopathic grandpa,” as well as Dimon, the 66-year-old chief executive officer of JPMorgan Chase & Co., and Fink, 69, who runs BlackRock Inc. All three have said they’re skeptical of Bitcoin or digital currencies in general.

A spokesman for BlackRock said the company declined to comment on Thiel’s remarks. But he pointed to Fink’s letter to shareholders last month in which the CEO said a thoughtfully designed digital-payment system “can enhance the settlement of international transactions while reducing the risk of money laundering and corruption.” Digital currencies can also help bring down costs of cross-border payments, Fink wrote.

JPMorgan declined to comment, and a representative of Buffett’s Berkshire Hathaway Inc. didn’t respond to a request for comment.

 

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Gerontocracy. That’s a Wikipedia deep cut right there.

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