At a bitcoin conference on Thursday, venture capital billionaire Peter Thiel said Warren Buffett topped the list of enemies of people trying to stop the cryptocurrency.
“The number one enemy,” Teale told a booming Miami crowd, “is the sociopathic grandfather of Omaha.” Buksett’s Berkshire Hathaway is located in Omaha, Neb.
Teal, who reportedly amassed hundreds of millions of dollars in bitcoins through the risky Founders Fund by 2018, also called on JPMorgan CEO Jamie Dimon and BlackRock CEO Larry Fink. Teal presented large charts depicting the two CFOs and their bearish comments on bitcoin.
All images contained the word “gerontocracy”. He told Damon Thiel that his views were part of “a banker’s addiction in New York.”
Peter Teale
VCG / VCG Getty Images
Teal raised a shot of Buffett with the words “rat poison” on it, referring to the time when Berkshire’s CEO rejected bitcoin using that phrase. Another quote from Buffett reads: “I do not own and I will never have.” Earlier this year, Berkshire invested $ 1 billion in Brazil’s Nubank, an online bank popular with crypto investors.
The Miami Tirade is Teale’s latest and boldest public attack on people he believes stand in the way of Bitcoin’s progress.
“That’s why we have to fight for bitcoin to go 10x or 100x out of here,” Teale said.
He added that these investors are well promoting blockchain, the technology behind cryptocurrency, but feel the need to remove bitcoin and its legitimacy.
“When they decide not to spend on bitcoin, it’s a deeply political choice,” said Teale, a prominent supporter of Republican politicians, most notably former President Donald Trump. Buffett, Teale said, is investing in a “wake-up list.”
At one point, Teal presented a color photo of Miami next to the word “youth.”
“I have to say, do you know that you have to deal with this,” he said.
A Berkshire Hathaway spokesman did not immediately respond to a request for comment, and a JPMorgan spokesman declined to comment.
A BlackRock spokesman pointed to CNBC’s comments to Fink in a letter to shareholders last month. He wrote that Russia’s invasion of Ukraine could speed up the adoption of digital currencies and said that “a carefully designed global digital payment system can improve the settlement of international transactions while reducing the risk of money laundering and corruption.”