PayPal Co-Founder, Bitcoin Investor 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 USD’s monetary status. 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.