Admin Reporter- POOJA1

Apr 08 2021


Peter Thiel calls Bitcoin ‘a Chinese financial weapon’ at virtual roundtable

Thursday, 8 April 2021

Peter Thiel is “pro-crypto” and “pro-Bitcoin maximalist,” but he also thinks the cryptocurrency may be undermining America.

The statements seemed to represent a change of heart for Thiel, who is a major investor in virtual currency ventures as well as in cryptocurrencies 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.”

 

 

 

 

Thiel was joined by former Secretary of State Mike Pompeo and former National Security Advisor Robert O’Brien. The conversation between Thiel, who has frequently criticized American companies that do business with Beijing, and two hawkish former members of the Trump administration, was largely focused on U.S.-China relations. It was moderated by Hugh Hewitt, the talk radio host and the chief executive of the Nixon Foundation. Forbes previously reported some details of the event.

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