PayPal co-founder and prominent venture capitalist Peter Thiel said that China was weaponizing Bitcoin to undermine the U.S. dollar at a virtual roundtable organized by the Richard Nixon Foundation:
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Even though I’m 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.
He added that the U.S. should be tougher on Bitcoin “from a geopolitical perspective.”
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During the roundtable, the billionaire also lambasted Google and Apple for having close ties to China.
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Dan Burgin
Vladislav Sopov
U.Today Editorial Team