Seeking Alpha
2021-04-08 02:53:40

Bitcoin a Chinese weapon against U.S.,suggests Peter Thiel

An unabashed Bitcoin (BTC-USD) fan, Peter Thiel mulls whether the Chinese might be accumulating the popular crypto as a possible financial weapon against the U.S. and the dollar (USDOLLAR)."[Bitcion] threatens fiat money, but it especially threatens the U.S. dollar," says Thiel. "[If] China is long Bitcoin, perhaps from a geopolitical perspective, the U.S. should be asking some tougher questions about exactly how that works."More: "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."

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