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Thiel blasts Dimon, Buffett and Fink as 'finance gerontocracy'

Bloomberg4/8/2022 9:30 AM GMT+08  • 2 min read
Thiel blasts Dimon, Buffett and Fink as 'finance gerontocracy'
Thiel blamed them for Bitcoin's failure to reach US$100,000 / Bloomberg
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Billionaire entrepreneur Peter Thiel called Warren Buffett, Jamie Dimon and Larry Fink members of a “finance gerontocracy” opposed to a “revolutionary youth movement” that embraces Bitcoin.

In his keynote speech at the Bitcoin 2022 conference in Miami Thursday, April 7, Thiel blamed the finance titans for the digital currency’s failure to reach US$100,000, a benchmark popular among the asset’s die-hard supporters.

“What is it going to take for this to happen?” he asked, before pinning blame on Buffett, 91, whom he called a “sociopathic grandpa,” as well as Dimon, the 66-year-old CEO of JPMorgan Chase & Co, and Fink, 69, who runs BlackRock Inc. All three have said they’re sceptical of Bitcoin or digital currencies in general.

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