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Peter Thiel leads bitcoin backers blasting ESG ‘hate factory’

The outspoken investor likened environmental, social and governance policies to the Chinese Communist Party

By Trista Kelley
A major crypto conference in Miami has seen ESG come in for a beating
A major crypto conference in Miami has seen ESG come in for a beating

Peter Thiel has led a chorus of bitcoin fans slamming ESG as a "hate factory" and the enemy of crypto.

"ESG is just a hate factory," the PayPal founder and serial entrepreneur told the Bitcoin 2022 conference in Miami. "It's a factory for naming enemies... When you think ESG, you should be thinking Chinese Communist Party."

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