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160647398 story Peter Thiel, the co-founder of PayPal, has accused a "finance gerontocracy" including Warren Buffett and Jamie Dimon of hindering bitcoin's progress. From a report:
The outspoken libertarian tech investor described multibillionaire Buffett, the world's richest investor, as the "sociopathic grandpa from Omaha" in a keynote address at the Bitcoin 2022 conference in Miami on Thursday. Thiel's address began with an analysis of the investment merits of cryptocurrencies but soon escalated into a tirade against the financial establishment, including "bankrupt" central banks and the "hate factory" of ESG -- which stands for environmental, social and corporate governance and is a cornerstone of responsible investing principles. He said it was a political question, whether this movement is going to succeed or whether the enemies of a movement are going to stop us. The financial establishment should be told that they have to get onboard with the idea of investing in the $830 billion market for the virtual currency.
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