At the top of Thiel’s roll: Warren Buffett, who Thiel referred to as a “sociopathic grandpa” for Buffett’s previous comments casting doubt on the value of crypto.
Thiel’s presentation of the list was the most striking moment in an otherwise straightforwardly pro-crypto, pro-bitcoin speech given at Bitcoin 2022, a large annual gathering of crypto supporters in Miami Beach.
Thiel has stepped away from investing and from high-profile moments like these, focusing his efforts instead on Republican politics.
He owns a bayside mansion a few minutes away, and his Founders Fund has become one of the loudest cheerleaders for Miami as it has tried to position itself as an emerging tech hub during the pandemic.
But before it gets to something like $4.3 million a coin, the cryptocurrency would need to see considerably further adoption driven by large institutions, Thiel said.