Bitcoin should be treated as Chinese financial weapon, PayPal’s Peter Thiel warns The Courier Mail


Source: couriermail.com.au couriermail.com.au

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Tech billionaire Peter Thiel this week issued a chilling warning about bitcoin as its value continues to soar. The PayPal founder said that the cryptocurrency should be treated as a “ Chinese financial weapon” that threatens the global power of the US. Average monthly share of bitcoin mined. Graphic: The Sun Mr Thiel called for tighter restrictions on bitcoin, which he said could undermine the status of the US dollar as the world’s reserve currency. The comments represent a change of heart for the mega investor, who has previously described bitcoin as the “digital equivalent on gold”. “I do wonder...