Bitcoin Enemies Preventing BTC from 100x Rally: Peter Thiel


Delivering his speech at the recently concluded Bitcoin 2022 conference in Miami, Florida, PayPal co-founder Peter Thiel shared a list of what he called: “enemies stopping Bitcoin from rising 100x.”

Thiel noted that the “enemies list [is] a list of people who I think are stopping Bitcoin.” He explained that “there’s a lot of them, they tend to have nameless faceless bureaucrat perspectives, which is, of course, one of the ways they hide.” The billionaire entrepreneur added:

“We are going to try to expose them and realize that this is sort of what we have to fight for bitcoin to go up 10x, 100x from here.

The central banks are going bankrupt. We are at the end of the fiat money regime.”

The first on Theil’s list was Berkshire Hathaway CEO, Warren Buffett. Thiel teased: “I think the sociopathic grandpa of Omaha is perhaps the most honest and the most direct in it.”

He further explained that Buffet is heavily biased against Bitcoin, making him a vocal supporter of the fiat monetary system, and money managers who idolize or follow Buffet will act similarly and steer clear of BTC.

Other names on Thiel’s Bitcoin enemy list include JPMorgan Chase & Co. CEO Jamie Dimon and Blackrock CEO Larry Fink.

Key Bitcoin Levels to Watch — April 10

Bitcoin has come under intense bearish pressure as the benchmark cryptocurrency caves towards the $42,000 support area. This decline comes despite the recent Bitcoin 2022 conference, which many expected to extend some bullish support to the cryptocurrency.

Studio Project 41
BTCUSD – 4-Hour Chart on Gemini. Source: TradingView.

The primary cryptocurrency currently appears to be descending in a batched pattern as the $41,000 level comes into view again. A continuation of this pattern in the coming hours suggests that BTC will continue its descent to the $41,000 – $40,600, where my long-term trendline resides.

On the flip side, a prolonged consolidation above the $42,000 level could trigger a retest and a possible breakout above the $43,000 barrier and help BTC return to the $45,000 axis.

Meanwhile, my resistance levels are at $43,000, $44,000, and $45,000, and my key support levels are at $42,000, $41,000, and $40,000.

Total Market Capitalization: $1.98 trillion

Bitcoin Market Capitalization: $811 billion

Bitcoin Dominance: 41%

Market Rank: #1


You can purchase Lucky Block here. Buy LBlock

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit

Highly volatile unregulated investment products. No EU investor protection.

  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.