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Crypto SWOT: Peter Thiel calls Warren Buffett crypto's "enemy number one" in Bitcoin 2022 speech

Commentaries & Views


  • Of the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was Bitcoin Metaverse, rising 1,603.46%.

  • According to a recent survey published by Investopedia, 28% of U.S. millennials polled said they expect to use cryptocurrency to support themselves in retirement. This figure was higher than those who said they would use savings (25%) and stock investments (27%) to fund their retirement, writes CoinTelegraph.  

  • MicroStrategy's war chest of Bitcoin is getting bigger and bigger with the software firm announcing on Tuesday that it bought another 4,167 of the digital tokens, bringing its holdings to more than 129,000. The purchase vaults the total value of its Bitcoin assets to just shy of $6 billion, which exceeds its entire market cap by $500 million, writes Bloomberg.


  • Of the cryptocurrencies tracked by CoinMarketCap, the worst performing for the week was Lord Token, down 100%.

  • Cryptocurrency exchange Binance announced it was temporarily suspending all Solana withdrawals due to network issues. The company said that it was aware of the current issues regarding withdrawals on the Solana network and has halted withdrawals for the time being, reports CryptoPotato. This isn't the first time the exchange has faced an issue like this – halting several times before to clear the backlogs.

  • Treasury Secretary Janet Yellen said a digital dollar would take years to develop if the U.S. decides to proceed with one, underscoring a deliberate approach by American policymakers as they flesh out their regulatory plans to address the rapid spread of digital assets. U.S. regulators are now engaged in a six-month review aimed at coming up with recommendations on a raft of issues linked to digital assets including a digital version of the U.S. sovereign currency, writes Bloomberg.


  • Billionaire crypto investor Michael Novogratz says that once the Federal Reserve takes a pause, Bitcoin could start taking off again. Novogratz spoke at the Bitcoin 2022 conference in Miami that attracted more than 25,000 attendees this week to Miami, FL.  

  • Tiger Global has led a $350 million investment in Near Protocol Blockchain, reports Bloomberg, which is more than double what it got just three months ago. The investment is a sign of the frenzy surrounding crypto startups, the article goes on to explain. As of Tuesday, Near Protocol's market cap was more than $10 billion.

  • Ultimate Fighting Champion (UFC) athletes will be paid bonuses in Bitcoin as a result of the partnership between the mixed martial arts organization and Bitcoin bonuses will be awarded to the three stand-out fighters at each UFC pay-per view event, as voted for by fans across the world, writes Bloomberg.  


  • Bears have $100 million reasons to keep the Bitcoin price under $45,000 until Friday's options expire, writes CoinTelegraph. Some analysts argue that Bitcoin rallied too fast and too soon and the weakness that we saw on April 7 is a result of that.

  • Billionaire and venture investor Peter Thiel took aim at ESG in a wide-ranging speech at Bitcoin 2022 in Miami where he called Warren Buffett, Jamie Dimon, and Larry Fink members of a "finance gerontocracy" opposed to a "revolutionary youth movement" that embraces Bitcoin. He said Buffett tops an "enemies list" of people who are trying to stop cryptocurrency. Thiel went on to accuse Buffett, Dimon, and Fink of using investing practices focused on environmental, social and governance goals as a "hate factory" to undermine Bitcoin and other businesses.

  • The European Union on Friday targeted crypto wallets, banks, currencies, and trusts in its fifth package of sanctions on Russia in a bid to close potential loopholes which could allow Russians to move money abroad, according to U.S. news.
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