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Peter Thiel Warned China May Take Bitcoin As A Financial Weapon Against The United States
Summary: Peter Thiel, PayPal co-founder, legendary entrepreneur, and investor worries about the financial role of Bitcoin between China and the U.S, as first reported by Bloomberg. Thiel stated in a virtual conference held by members of the Richard Nixon Foundation that the U.S. government should consider stricter regulations on cryptocurrencies. Thiel called himself the biggest supporter of cryptos, but ...
Peter Thiel, PayPal co-founder, legendary entrepreneur, and investor worries about the financial role of Bitcoin between China and the U.S, as first reported by Bloomberg.
Thiel stated in a virtual conference held by members of the Richard Nixon Foundation that the U.S. government should consider stricter regulations on cryptocurrencies.
Thiel called himself the biggest supporter of cryptos, but he also warned: "I do wonder whether 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 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."
By Mary Liu
Tags: Bitcoin,China,Dollar,Peter Thiel
Link: Peter Thiel Warned China May Take Bitcoin As A Financial Weapon Against The United States [Copy]
