China using Bitcoin as ‘financial weapon’ against United States: Peter Thiel

Peter Thiel has urged the US government to reappraise China’s relationship with Bitcoin from a geopolitical perspective. PayPal co-founder and venture capitalist, Peter Thiel, has warned that the Chinese central government may be supporting Bitcoin as a means to undermine the foreign and monetary policy of the United States. But, he added, it has tried to use the Euro the same way. Speaking at a virtual event hosted by conservative non-profit, the Richard Nixon Foundation, Thiel was commenting on whether China’s central bank-issued digital currency, or CBDC, could threaten the US dollar’s status as a global reserve currency.

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Why Bitcoin Thrives (and Why It Won’t Replace the Dollar)

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Where Does Bitcoin Fit in the Global Reserve Currency Game?

On this "Speaking of Bitcoin" episode, join hosts Adam B.