PayPal Co-Founder, Bitcoin Investor Thiel Says Bitcoin Could Be Chinese Weapon

By CoinDesk4 days ago


PayPal co-founder and billionaire investor Peter Thiel warned that bitcoin could be a Chinese financial weapon used to dethrone the USDs monetary status.

Speaking alongside former Secretary of State Mike Pompeo at a virtual roundtable hosted by the Richard Nixon Foundation Wednesday, Thiel opined that, assuming China is long bitcoin, the cryptocurrency could pose a threat to the U.S. dollars reserve currency status. The comments come at a time when fears over Chinas assumed control over bitcoin are resurfacing.

Even though Im a pro-crypto, pro-Bitcoin maximalist person, I do wonder whether if at this point Bitcoin should also be thought of in part as a Chinese financial weapon against the U.S. it threatens fiat money, but it especially threatens the dollar, Thiel said during the stream.

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