Peter Thiel: China Using Bitcoin as a 'Financial Weapon'

Peter Thiel, billionaire venture capitalist, and PayPal co-founder advised the U.S. government to consider tighter regulations on cryptocurrencies. Thiel made these comments after he expressing worry the Chinese are using bitcoin to corrode the U.S. financial system. Bitcoin boogeyman Thiel gave his more-than-skeptical sounding comments at a virtual roundtable for members of the Richard Nixon Foundation on April 7. "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," said Thiel. This content is not available due to your…