Peter Thiel calls Warren Buffett a top ‘enemy’ of bitcoin and part of a ‘finance gerontocracy’

Billionaire entrepreneur Peter Thiel on Thursday called billionaire investor Warren Buffett a top “enemy” of bitcoin and part of a “finance gerontocracy” that has held back the cryptocurrency’s adoption.

Bitcoin BTCUSD, 0.64% could have a market capitalization that matches the $12 trillion gold market and even the $115 trillion public equity market, Thiel said at the Bitcoin 2022 conference in Miami on Thursday. 

But a group that the outspoken venture capitalist referred to as the “finance gerontocracy” has suppressed bitcoin’s adoption, said Thiel, who called Buffett a “sociopathic grandpa from Omaha.” Buffett is the chairman and chief executive of Omaha-based Berkshire Hathaway Inc. BRK.A, 1.76% BRK.B, 1.69%.

Thiel’s list also included Jamie Dimon, chief executive of JPMorgan Chase & Co. JPM, 1.43% and Larry Fink, chief executive of BlackRock Inc. BLK, -0.81%.