Express

Peter Thiel Warned China May Take Bitcoin As A Financial Weapon Against The United States

Mary Liu

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

Last Update:

Tags: ,,,
Link: Peter Thiel Warned China May Take Bitcoin As A Financial Weapon Against The United States   [Copy]
  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 1 day ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 2 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 5 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 6 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 8 days ago
  • You need to login to comment.