Bitcoin 2022: Thiel calls Buffett ‘sociopathic’, Mexican billionaire has 60% in BTC

Day 2 of the Bitcoin 2022 Miami event was just as exciting as we expected. Pay-Pal co-founder Peter Thiel, a venture capitalist and venture capitalist, offered up his Bitcoin “enemies” list while Ricardo Salinas, Mexico’s third-richest man revealed that he holds 60% of his Bitcoin portfolio.

Thiel, one the keynote speakers, took to Nakamoto’s main stage in the afternoon. He kicked off the speech by throwing $100 bills in the crowd to explain the differences between crypto and government-backed fiat currencies.

Thiel made a joke about the crowd’s eagerness to get the money.

Then, he gave an energetic pro-Bitcoin speech where he predicted that Bitcoin’s value would grow 100 times over today’s and that traditional financial markets would collapse.

“The central banks are insolvent.” The fiat money regime is over.

Thiel also gave his enemies list, in which he awarded Warren Buffett, legendary Berkshire Hathaway investor, the top spot. He called him “Enemy Number 1”. Thiel called Buffett “sociopathic grandpa”, clearly referring to the Berkshire Hathaway CEO’s criticism of Bitcoin.

Thiel also listed Jamie Dimon, JPMorgan Chase CEO, and Larry Fink (Blackrock CEO), denouncing billionaires for running “gerontocracy”, a society run by old people, against cryptocurrency.

Ricardo Salinas, a Mexican billionaire, used his 15-minutes on the main stage later in the day to attack bonds and announce that he now holds 60% of his liquid investment portfolio in Bitcoin. This is a significant increase from the 10% he had in December 2020.

“I don’t have any bonds. I have 60% in Bitcoin and Bitcoin equity, and then 40% of hard asset stocks such as oil and gas, gold miners and other energy stocks. That’s where my money is.”

Salinas, who is worth approximately $12.8 billion, was an early Bitcoin investor. Salinas stated that he bought his first Bitcoin in 2013 at a price of $200 per piece.

Samson Mow, who was the former chief strategist officer at Blockstream, had earlier announced that two new jurisdictions were moving to accept Bitcoin as legal tender. Madeira, an autonomous region in Portugal’s Caribbean island of Roatan, and Madeira confirmed that they would be accepting Bitcoin as legal tender. Mexico is also said to be considering this move.

Related: Mayor unveils Miami Bull statue with laser eyes in order to launch Bitcoin 2022

Nayib Bukele, president of El Salvador, was due to speak on Thursday. However, the Bitcoin Conference announced his withdrawal via Twitter on April 7, citing “unforeseen circumstances”. This is because of spiraling gang violence.

Day 3 of Bitcoin 2022 Conference will feature more talks by high-profile guests, including a fireside chat with Jordan Peterson, a keynote speech by legendary investor Mike Novogratz and a presentation from Eric Weinstein, director at Thiel Capital.

https://cointelegraph.com/news/bitcoin-2022-thiel-calls-buffett-sociopathic-mexican-billionaire-has-60-in-btc