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

The second day of Bitcoin 2022 in Miami was as colorful as we came to expect, with Pay-Pal co-founder and venture capitalist Peter Thiel offering his Bitcoin “enemies list”, while Mexico’s third richest man, Ricardo Salinas revealed that he has 60% of his portfolio in Bitcoin.

Thiel, one of the keynote speakers, went to the main Nakamoto stage of the conference in the early afternoon and kicked off the speech in style by throwing a wad of $ 100 bills into the crowd in an attempt to make a difference to explain between crypto and government-supported fiat faluta.

When the crowd quickly came to the money, Thiel joked: “I thought you would be itcoin maximalists.”

He then gave a stimulating pro-Bitcoin speech in which he predicted that Bitcoin would increase 100-fold from the current price and that traditional financial markets would eventually disintegrate.

“The central banks are going bankrupt. We are at the end of the fiat money regime.”

Thiel also topped his list of enemies in which he gave legendary Berkshire Hathaway investor Warren Buffett the top spot, marking him “Enemy No.1”. Thiel called Buffett a “sociopathic grandfather” – obviously taking issue with the Berkshire Hathaway CEOs’ Bitcoin-critical commentary.

Thiel’s list also includes JPMorgan Chase CEO Jamie Dimon and Blackrock CEO Larry Fink, who accuse the group of billionaires of carrying out a “gerontocracy” – a society ruled by ancient people – against cryptocurrency.

Later in the day, Mexican billionaire Ricardo Salinas spent his 15 minutes on the main stage targeting bonds and announcing that he currently has 60% of his entire liquid investment portfolio in Bitcoin – a substantial increase from the 10 % he had in Dec. 2020. 2020.

“I have absolutely no bonds … I have 60% in Bitcoin and Bitcoin stocks, and then 40% in hard asset stocks like oil and gas and gold miners, and that’s where I am.”

Salinas, whose net worth is estimated at about $ 12.8 billion, was an early investor in Bitcoin. In an interview with Cointelegraph, Salinas said he bought his first Bitcoin in 2013, when the average price was about $ 200 a piece.

Earlier in the day, Samson Mow, the former Chief Strategy Officer of Blockstream, announced two new jurisdictions to adopt Bitcoin as a legal remedy. The Caribbean island of Roatán and Madeira, an autonomous region of Portugal, have confirmed they will adopt BTC as legal tender. Mexico is also thought to be considering the move.

Related: Mayor unveils ‘Miami Bull’ statue with laser eyes to launch Bitcoin 2022

El Salvadoran president Nayib Bukele was scheduled to speak second-last on Thursday, however, the Bitcoin conference officially announced his withdrawal on Twitter on April 7, citing “unforeseen circumstances.” There is currently a state of emergency in the country due to the spiraling gang violence.

Day 3 of the Bitcoin 2022 conference will feature more talks from high-profile guests, including a fireside talk with renowned psychologist Jordan Peterson, a keynote speech by legendary investor Mike Novogratz, as well as a presentation by Thiel Capital director, Eric Weinstein.