There’s something about the crypto industry. The critics of the industry are always working hard to ensure the crypto industry does not move forward. While speaking at the Bitcoin 2022 conference in Miami, Florida, Billionaire Paypal co-founder Peter Thiel shares the list of people who had stopped Bitcoin from increasing more than 100 times last year. We will review some of the conference’s words and how it evolved this year.
PayPal Co-founder Speaks at Bitcoin Conference Last Year
- At the Bitcoin 2022 conference in Miami, Florida, Peter Thiel was one of the people that spoke during the summit. Apparently, PayPal’s interest in the crypto industry is something that is making waves. They recently launched their stablecoin PYUSD.
- However, while speaking last year, Thiel highlighted those he thought were against the growth of Bitcoin. Thiel was pretty blunt with his exposure and didn’t flint to call out even the richest billionaires.
- PayPal’s co-founder said the first person on his list was Berkshire Hathaway CEO, Warren Buffett. He shares some of the quotes of Warren Buffet. There was a time when the billionaire called Bitcoin a “rat poison.” In another scenario, Warren Buffetteven said he doesn’t have Bitcoin and will never buy the apex cryptocurrency. Furthermore, PayPal’s co-founder admonished those who follow the advice of Buffett. He said his followers always pretend that Bitcoin is complex to learn about. But there are more people on this list.
PayPal Co-founder Says Blackrock and JP Morgan Against Crypto
- Peter Thiel didn’t stop with Warren Buffett. Blackrock and JP Morgan are the next set of entities on this list.
- Apparently, it is even more severe with JP Morgan. In 2017, JP Morgan CEO Jamie Dimon referred to Bitcoin as a fraud. Furthermore, he even threatened to fire any JPM trader that was a crypto enthusiast.
- In the case of Blackrock, the company’s CEO in 2018 said the investment and trading firm wasn’t interested in crypto.
Change Among Crypto Enemies
- From when PayPal’s co-founder made this statement to the current day, there are changes. In fact, looking back, one can’t help but appreciate the attractive force of the crypto industry. Many people like Blackrock and JP Morgan no longer have an anti-crypto stance.
- JP Morgan is now using blockchain to make transactions. They created their JPM coins with the aim of improving cross-border payments between their users and clients.
- On the other hand, Blackrock is now at the forefront of the crypto fight. In fact, Bitcoin price now depends on whether they approve their spot Bitcoin ETF. Apparently, everyone is waiting on the SEC, hoping they approve it.
- Nevertheless, this shows how much the crypto industry is growing. Some of the people that spoke against it in the past are now participants in the industry.
Conclusion
PayPal’s co-founder, during the Bitcoin 2022 conference in Miami, Florida, made a list of people he felt were against the crypto industry. Warren Buffett, Blackrock, and JP Morgan made this list. But many things changed in between this time. Blackrock and JP Morgan now have huge interests in the crypto industry.
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Featured image from Paypal
