in

Peter Thiel: Bitcoin Could Be ‘Chinese Financial Weapon’ – Decrypt

Peter Thiel: Bitcoin Could Be ‘Chinese Financial Weapon’ – Decrypt



View Reddit by lakerz690View Source

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

22 Comments

  1. “Even though I’m sort of a pro-crypto, pro-Bitcoin maximalist,” Thiel said. “I do wonder if at this point Bitcoin should also be thought of in part as a Chinese financial weapon against the U.S., where it threatens fiat money, but it especially threatens the U.S. dollar.”

    Interesting thought. It is a little frustrating and concerning that most of the mining power is in China. I know it shouldn’t be about which countries mine the most and what not, and that bitcoin is borderless, but still. China’s gunna do China things, which can be concerning. Ultimately, it’s just food for thought, and something to think about.

  2. Something is off. They’re gonna be a lot more business folks in America chiming in this ‘Bitcoin x China’ unofficial collaboration. The next episode, I’m expecting a coin to be dubbed as the ‘Cryptocurrency of America.’ The narrative at play here is to somehow make you doubt our holdings of BTC.

    There was a thread previously suggesting that the big boys representatives are here. Goldman Sachs my balls, Melvins, everyone else in between. Maybe the *conspiracy* was right. There will be a BTC FUD because they want to hoard it all.

  3. tldr; PayPal co-founder Peter Thiel said Bitcoin should be thought of in part as a Chinese financial weapon against the US. “I’m sort of a pro-crypto, pro-Bitcoin maximalist,” Thiel said. “It threatens fiat money but it especially threatens the US dollar,” he added. Thiel has invested in multiple crypto ventures including Layer1 Technologies.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  4. First, he’s actually saying is the US should be buying bitcoin and second it’s not the Chinese fault that the politicians in the US ruined the dollar. The downfall of the dollar lies completely on the politicians shoulders!

Loading…

0

What do you think?

A GAMBLING GAME BITCOIN : THE FIAT CURRENCIES ARE ALL

A GAMBLING GAME BITCOIN : THE FIAT CURRENCIES ARE ALL

Peter Thiel: Bitcoin a weapon against the US

Bitcoin a weapon against the US- The Cryptonomist