Peter Thiel Calls Bitcoin 'a Chinese Financial Weapon'

Peter Thiel is "pro-crypto" and "pro-Bitcoin maximalist," but he also thinks the cryptocurrency may be undermining America. From a report: Thiel, the venture capitalist and conservative political donor, urged the U.S. government to consider tighter regulations on cryptocurrencies in an appearance on Tuesday. The statements seemed to represent a change of heart for Thiel, who is a major investor in virtual currency ventures as well as in cryptocurriences themselves. "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 during an appearance at a virtual event held for members of the Richard Nixon Foundation. "It threatens fiat money, but it especially threatens the U.S. dollar." He added: "[If] China's long Bitcoin, perhaps from a geopolitical perspective, the U.S. should be asking some tougher questions about exactly how that works."

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