Nu CoinQuora
Apr 08, 2021
PayPal Co-Founder Peter Thiel might love crypto but he is skeptical of China’s motives with Bitcoin.
Speaking at an online event held by the Richard Nixon Foundation, Thiel shared his concerns. He noted that China could be using BTC as a financial weapon against the US Dollar supremacy. In response to a question by host Hugh Hewitt about the threat China poses to the Dollar, the entrepreneur did not look hopeful.
He also added that Bitcoin poses a threat to the very idea of fiat currency. In that way, it is very dangerous to the US dollar. Thiel also called on national strategists to take great care in treating Bitcoin-related changes within the international geopolitical landscape.