Peter Thiel Wonders if Bitcoin Is Chinese Financial Weapon against US Dollar
5 hours ago by Steve Muchoki · 3 min read
Photo: Ken Yeung / Flickr
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The success of Bitcoin in the global market has given the Chinese more power over the United States, according to Thiel.
Venture capitalist and PayPal Holdings Inc (NASDAQ: PYPL) co-founder Peter Thiel highlighted his thoughts on the cryptocurrency market and Bitcoin during a virtual roundtable hosted by the Richard Nixon Foundation Wednesday alongside former Secretary of State Mike Pompeo. Although being a Bitcoin maximalist, Thiel now wonders if Bitcoin should be considered a weapon from the Chinese government to dethrone the US dollar as a global reserve currency.
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