Paypal Cofounder Peter Thiel Thinks China Is Using Bitcoin as Financial Weapon Against the US


Source: bitcoinlinux.com bitcoinlinux.com

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2.3 Related Reserve Currencies Speaking at the recent Richard Nixon Foundation seminar , Thiel also suggested that China ideally prefers to have two reserve currencies that counter the dollar. He says the Asian country already uses the euro currency as a weapon against the dollar although he claims the “last decade hasn’t quite worked out that way.” According to Thiel, a self-professed bitcoin maximalist, bitcoin has now become the second reserve currency that China uses to fight the dollar’s influence. Consequently, Thiel thinks the U.S. government should start asking tough questions about “how this works.” China’s Digital Currency Leadership Meanwhile,...