News Snapshot:
Bitcoin Ethereum News Peter Thiel, billionaire investor and PayPal co-founder, has warned that Bitcoin could be a “Chinese financial weapon” used to dethrone the US dollar’s reserve currency status. In a virtual meeting held for members of the Richard Nixon Foundation, Thiel said that assuming that China is a long Bitcoin, the crypto could pose a threat to the US dollar’s monetary status. Thiel said: “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 U.S. It threatens fiat money,...
