Warren Buffett Called Enemy Number One at the 2022 Bitcoin Conference

Warren Buffett Called Enemy Number One at the 2022 Bitcoin Conference

global.gerbangindonesia.org – Warren Buffett Called Enemy Number One at the 2022 Bitcoin Conference

At the Bitcoin 2022 conference on Thursday (7/4/2022), venture capitalist and billionaire Peter Thiel said Warren Buffett was at the top of the “enemy list” of people trying to stop cryptocurrencies.

“Enemy number one,” Thiel told the crowd at the Bitcoin 2022 conference in Miami, quoted from CNBC, Friday (4/8/2022).

Thiel is one of the supporters of bitcoin. In 2018 he was reported to have raised hundreds of millions of dollars worth of Bitcoin through the venture firm Founders Fund.

At the Bitcoin conference, Thiel presented a large chart with a picture of two financial executives and their bearish comments about Bitcoin.

The pictures all contain the word “gerontocracy.” One of them about JP Morgan CEO Jamie Dimon, Thiel said Dimon was part of the “New York City banker bias.”

Thiel also presented an image of Buffett’s head with the words “rat poison” next to the image, referring to the time the Berkshire CEO rejected Bitcoin using that phrase.

Thiel also wrote another quote from Buffett that reads, “I have nothing and I never will.” But in fact, earlier this year, Berkshire invested $1 billion in Brazil’s Nubank, an online bank popular with crypto investors.

Thiel’s opinion in Miami is Thiel’s latest and boldest public attack on those he sees as hindering Bitcoin’s progress.

“This is what we have to fight for to get bitcoin up 10x or 100x from here,” said Thiel.

“When they choose not to allocate to bitcoin, it is a very political choice,” concluded Thiel.

El Salvador President Nayib Bukele Cancels Attendance at Bitcoin Conference 2022

Warren Buffett Called Enemy Number One at the 2022 Bitcoin Conference

Previously, the President of El Salvador, Nayib Bukele, was a strong supporter of Bitcoin. He demonstrated this by adopting Bitcoin as a legal tender in his country.

As a supporter of Bitcoin and the first President to legalize Bitcoin as a means of state payment, Bukele’s presence at the 2022 Bitcoin Conference is certainly quite eagerly awaited.

However, unfortunately, Bukele had to cancel its planned participation in the 2022 Bitcoin conference in Miami. Bukele said there was an unforeseen event that required his full attention at home.

Reporting from CoinDesk, Friday, April 8, 2022, he did not say what the circumstances were in a letter tweeted by the conference organizers. But in the letter Bukele said, “I must be on the other side in the battle for freedom.”

El Salvador is currently in a fierce battle against criminal gangs, known as “maras.” On March 27, 62 people died in killings linked to local maras, which prompted El Salvador’s Legislative Assembly to suspend constitutional rights for 30 days.

According to the El Salvador National Police, 6,894 gang members have been arrested in the past 11 days.

In his letter, Bukele said he had a “sincere hope” to participate in making “another announcement, another small contribution in our fight for the release of money.

At the Bitcoin 2021 conference last June Bukele announced its plans to make a legal tender for bitcoin (BTC) in El Salvador. Expectations for this year’s announcement include a progress report on the state’s plans for a $1 billion Bitcoin bond sale.

2022 Conference Held

Warren Buffett Called Enemy Number One at the 2022 Bitcoin Conference

Previously, thousands of cryptocurrency enthusiasts would flock to Miami as the city builds its reputation as one of the prime locations for developing blockchain and crypto technology.

Many companies are using the Bitcoin 2022 conference that runs Wednesday through Saturday local time as a place to network, pitch ideas, and share announcements with the industry and beyond.

To date, New York City and Silicon Valley continue to lead in the funding raised by blockchain startups in 2021, with USD 6.5 billion (Rp 93.3 trillion) and USD 3.9 billion (Rp 56 trillion).

However, Miami is now tied to Los Angeles, where the company attracted more than $760 million in funding, according to market research firm CB Insights.

Cryptocurrency exchange FTX bought the naming rights for the NBA arena in downtown Miami last year, replacing American Airlines. The largest crypto company to move to Miami so far, Blockchain.com, will host 200 employees at a location in the Wynwood district where technology companies and other investors are also setting up offices there.

The Bitcoin 2022 conference was held at the Miami Beach Convention Center and featured several keynote speakers, including Canadian entrepreneur Kevin O’Leary, writer Jordan Peterson, human rights activist Yeonmi Park and tech billionaire Peter Thiel.

Miami is attracting more and more crypto projects, with Mayor Francis Suarez openly accepting cryptocurrencies and striving for cryptocurrency-friendly regulation.

Other Reasons

Warren Buffett Called Enemy Number One at the 2022 Bitcoin Conference

Another statement, said Miami and Florida are business-friendly places and remain open during the pandemic, making them more attractive as locations where people can work remotely.

“It’s hard to deny that this is an amazing opportunity for companies to come here and build their projects in crypto,” said John Bartleman, CEO of Plantation, Florida-based TradeStation.

As Miami aims to attract more investment for cryptocurrency projects, Bitcoin 2022 organizers say at least 75 companies will make announcements at this conference.

Last year, El Salvador President Nayib Bukele made international news at the event, revealing via video his country would be the first to make legal tender for cryptocurrency payments. Bukele will also return to the conference this year.

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