The Bitcoin 2022 conference in Miami concludes Saturday and already has produced a number of notable quotes from billionaires and investors, here are the most important things Peter Thiel, Cathie Wood, and Michael Saylor said during the meeting.
The billionaire co-founder of PayPal and Palantir labeled Warren Buffett as “enemy No. 1” for bitcoin fans during his keynote speech.
Calling him a “sociopathic grandpa from Omaha,” Thiel had particularly harsh words for Buffet, whose comments about bitcoin include calling it “probably rat poison squared” in 2018 and saying it “has no unique value at all, it doesn’t produce anything” in 2019.
Thiel also said JPMorgan CEO Jamie Dimon and BlackRock CEO Larry Fink were other members of a “finance gerontocracy” that opposes the “revolutionary youth movement” behind bitcoin. “This is what we have to fight for bitcoin to go 10x or 100x from here,” said Thiel, a personal investor in bitcoin and through his Founders Fund.
“As many of you may know, in our big ideas 2022 … we have a price target in 2030 for Bitcoin of more than $1 million dollars per bitcoin,” said Cathie Wood, CEO of Ark Investment, pointing the audience to the January 2022 call published on her Ark Invest website. “If you go in and you’ll see how we build that case … all we expect over the next eight years is that roughly two and a half percent of institutional assets are allocated to bitcoin.”