Thiel named Warren Buffett, Jamie Dimon, and Larry Fink in his ‘bitcoin enemies’ list.

Speaking at the Bitcoin 2022 conference in Miami on Thursday, billionaire entrepreneur Peter Thiel questioned why bitcoin could not achieve the market capitalizations of gold ($12 trillion) and the equities market ($115 trillion).

Thiel said bitcoin’s upward march, so far, was because it was “telling us that the central banks were bankrupt,” and that “we’re at the end of the fiat money regime.”

“Why bitcoin has not yet gone up to $100,000 to a million dollars? Why has it not yet converged with gold or or even with the equity markets more broadly?” Thiel thundered. “It’s a movement as a political question, whether this movement is going to succeed, or whether the enemies of the movement are going to succeed in stopping us.” (MarketWatch)

Enemies list

Thiel put the blame squarely at the door of a shadowy Wall Street tendency to dismiss bitcoin, while welcoming the blockchain. Labelling financial leaders as the “finance gerontocracy,” that also did not like gold, Thiel singled out Buffett and his oft-quoted view that bitcoin was rat poison.

Thiel said Buffett, that “sociopathic grandpa from Omaha,” was bitcoin Enemy No. 1

Investors, on the other hand, have reverentially dubbed Buffett “The Oracle of Omaha.”

Thiel also charged that Jamie Dimon, chief executive of JPMorgan Chase (NYSE: JPM), and Larry Fink, head of BlackRock (NYSE: BLK), were a part of that same finance autocracy attempting to thwart bitcoin’s progress as a powerful political and financial movement.

Thiel said Dimon and Fink “need to be allocating some of their money to bitcoin.”

ESG too panned

While Thiel lauded bitcoin as a “revolutionary youth movement,” he called out the burgeoning trend for Environmental, Social and Governance (ESG) investing – describing it a “hate factory for naming enemies,” and likening it to the Chinese Communist Party (CCP).

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