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Thiel calls Buffett ‘sociopathic,’ Mexican billionaire reveals 60% of his assets are in Bitcoin By BTC Peers


© Reuters. Thiel calls Buffett ‘sociopathic,’ Mexican billionaire reveals 60% of his assets are in Bitcoin

The buzz around the 2022 Miami conference spilled over to day two as Billionaire venture capitalist Peter Thiel shared his “enemies list” publicly, while Mexico’s third-richest man, Ricardo Salinas, revealed he has 60% of his net worth in Bitcoin.

Peter Thiel (Peter Thiel), cofounder of PayPal (NASDAQ;) is just one of many notable speakers attending the conference. To demonstrate the differences between crypto and government-backed fiat currencies, Thiel took centre stage yesterday. He began his speech by throwing 100 dollars in the crowd.

He taunted the crowd that rushed to pick the money by teasing “I thought you guys were supposed to be Bitcoin maximalists.” He then proceeded to give an inspiring pro-Bitcoin speech where he predicted the eventual demise of the traditional financial market and the rise of Bitcoin to the tune of 100 times its worth today.

Central banks are insolvent. The fiat currency regime is ending.

Thiel went on to present a list of his top enemies, tagging legendary Berkshire Hathaway (NYSE:) investor Warren Buffett as “Enemy No.1.” He referred to Buffett as a “sociopathic grandpa,” most likely because of the latter’s Bitcoin-critical opinions.

Other big names that made it to Thiel’s list include JPMorgan (NYSE:) Chase’s CEO Jamie Dimon and Blackrock (NYSE:) CEO Larry Fink.

Thiel, who doesn’t seem to care for , presented large graphics with images of the two financial executives and their bearish comments about bitcoin, with a caption that included the word “gerontocracy.”

“This is what we have to fight for bitcoin to go 10x or 100x from here,” Thiel said. Thiel insists that the billionaire group has an agenda against cryptocurrency.

Ricardo Salinas from Mexico, a Mexican billionaire, spoke about bonds later in the conference and announced that he now holds 60% of all his Bitcoin investments. That’s a big shift from December 2020, when he had 10%.

I definitely don’t have any bonds […] I have 60% in Bitcoin and Bitcoin equities, and then 40% in hard asset stocks like oil and gas and gold miners, and that’s where I am.

Salinas, an early Bitcoin investor was valued at $12.8 billion. Salinas revealed that he purchased his first Bitcoin in 2013, when it was at $200 per BTC.

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