Billionaire Thiel Says Bitcoin Could Be Chinese “Weapon”
PayPal co-founder and billionaire investor Peter Thiel warned that bitcoin could be a “Chinese financial weapon” used to dethrone the USDs monetary status.To get more news about WikiFX, you can visit wikifx.com official website.
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. dollar‘s reserve currency status. The comments come at a time when fears over China’s 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.
More than being “pro-bitcoin” and owning the asset himself, Peter Thiels foundation was key to the creation of Ethereum when Vitalik Buterin drew a $100,000 grant to begin working on the blockchain. WikiFX, an encyclopedia in the Finance & Forex Industry! Now you can find 26000+ broker reviews on WikiFX APP and 100 free VPS waiting for you to receive!