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Peter Thiel: Bitcoin a Chinese Financial Weapon against the US

Peter Thiel: Bitcoin a Chinese Financial Weapon against the US

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Peter Thiel urged the U.S. government to consider tighter regulations on cryptocurrencies during an appearance at a virtual event held for members of the Richard Nixon Foundation.

He described himself as a “pro-crypto, pro-Bitcoin maximalist,” but warned that Bitcoin “threatens the U.S. dollar.”

“I do wonder whether at this point, Bitcoin should also be thought of in part as a Chinese financial weapon against the U.S.,” Thiel said. “It threatens fiat money, but it especially threatens the U.S. dollar. If China’s long Bitcoin, perhaps from a geopolitical perspective, the U.S. should be asking some tougher questions about exactly how that works.”

Bloomberg

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