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The co-founder of PayPal stated: If you are only a supporter of the blockchain, this is an anti-Bitcoin approach

The co-founder of PayPal stated: If you are only a supporter of the blockchain, this is an anti-Bitcoin approach

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Answer The co-founder of PayPal stated: If you are only a supporter of the blockchain, this is an anti-Bitcoin approach

The Bitcoin Conference 2022, which is being held in Miami, is giving a lot of permits and what to talk about in the crypto arena.

During the event, Peter Thiel expressed his opinion on the enemies of Bitcoin and talked about where he thinks Bitcoin is headed in the future.

Yesterday, April 7, Peter Andreas Thiel, an entrepreneur, fund manager and venture capitalist best known for co-founding PayPal along with Elon Musk, stated:

Being solely pro-blockchain is an anti-Bitcoin stance in itself.

Thiel pointed out that many investors, businessmen and bankers, such as Larry Fink, only support blockchain technology, but have turned a blind eye to the opportunities and benefits offered by Bitcoin.

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Bitcoin and its recognition:

Bitcoin’s path to global adoption has not been entirely smooth.

Bitcoin has been associated with crime, political chaos, and financial volatility.

It also received many blows from politicians and businessmen who tried to stop its growth.

Thiel referred to Buffett asSociopathic grandfather of Omaha’, claiming that he was perhaps the most honest Bitcoin critic primarily because of the difficulty of putting aside all his investments and focusing solely on the world’s largest digital currency.

Thiel added:

Of course, there is always a feeling that if you are a money manager, you want to pretend that investing is complicated.

And if all you have to do is buy bitcoin, that’s ridiculous.

All these people are unemployed.

There is a gold version too.

They never like gold, because if all you have to do is have gold, it’s something everyone can do.

Thiel pointed out that it does not make sense for these investors and bankers to support blockchain technology and not Bitcoin, which is the first cryptocurrency to use the technology to maintain a transparent and traceable record of all its transactions, and added:

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Pro-Blockchain Only is an anti-Bitcoin term.

It’s like, I love blockchain, but I’m not sure about that.

I don’t need bitcoin, we can move to the blockchain.

Bitcoin is not the currency we are looking for.

Read also:

Will Mexico follow in El Salvador’s footsteps and adopt Bitcoin as a legal currency?

Mozilla Foundation Resumes Crypto Donations But Still Rejects Bitcoin


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