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The Guardian - UK
The Guardian - UK
Technology
Dan Milmo Global technology editor

Paypal founder launches tirade against ‘gerontocracy’ over bitcoin

Peter Thiel PayPal Warren Buffett Donald Trump Jamie Dimon Meta ESG
Peter Thiel, co-founder of PayPal, addresses the Bitcoin 2022 Conference in Miami, Florida.
Peter Thiel, co-founder of PayPal, addresses the Bitcoin 2022 Conference in Miami, Florida. Photograph: Marco Bello/Getty Images

Peter Thiel, the co-founder of PayPal and a Donald Trump ally, has accused a “finance gerontocracy” including Warren Buffett and Jamie Dimon of hindering bitcoin’s progress.

The outspoken libertarian tech investor described multibillionaire Buffett, the world’s richest investor, as the “sociopathic grandpa from Omaha” in a keynote address at the Bitcoin 2022 conference in Miami on Thursday.

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