Peter Thiel Calls Bitcoin 'a Chinese Financial Weapon' at Virtual Roundtable – BNN

(Bloomberg) — Peter Thiel, the venture capitalist and conservative political donor, urged the U.S. government to consider tighter regulations on cryptocurrencies during an appearance at a virtual event held for members of the Richard Nixon Foundation. The statements seemed to reverse a long-held position for Thiel, who is a major investor in virtual currency ventures as well as in cryptocurriences themselves. In comments Tuesday night, he described himself as a "pro-crypto, pro-Bitcoin maximalist," but warned that Bitcoin "threatens the U.S. dollar." "I do wonder whether at this point, Bitcoin should also be thought [of] in part as a Chinese financial…