Billionaire calls bitcoin 'Chinese financial weapon'


Source: hongkongnews.net hongkongnews.net

Key Topics in this News Article:

News Snapshot:

Washington [US], April 8 (ANI): Referring to bitcoin as a 'Chinese financial weapon', billionaire tech investor Peter Thiel has urged the US government to consider tighter regulations on cryptocurrencies. Thiel's statements seemed to represent a change of heart for Thiel, who is a major investor in virtual currency ventures as well as in cryptocurrencies themselves, reported the Australian Financial Review (AFR) citing Bloomberg. "I do wonder whether, at this point, bitcoin should also be thought [of] in part as a Chinese financial weapon against the US. It threatens fiat money, but it especially threatens the US dollar," said Thiel on...