Billionaire tech investor Peter Thiel warns bitcoin might serve as a Chinese financial weapon against the US and says it threatens the dollar Currency News Financial and Business News


Source: businessinsider.com businessinsider.com

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Gettty/Neilson BarnardPeter Thiel, one of Silicon Valley's most prominent venture capitalists, suggested bitcoin could pose a threat to the US during a virtual seminar held by the Richard Nixon Foundation this week."Even though I'm a pro-crypto, pro-bitcoin maximalist person, I do wonder whether at this point bitcoin should also be thought of in part as a Chinese financial weapon against the US," the PayPal cofounder said. "It threatens fiat money, but it especially threatens the US dollar and China wants to do things to weaken it."Thiel, a Facebook board member and cofounder of Palantir Technologies, was expanding on his discussion...