Harry Pettit, Senior Digital Technology and Science Reporter
8 Apr 2021, 14:31
Updated: 8 Apr 2021, 14:31
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.
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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 whether at this point, Bitcoin should also be thought [of] in part as a Chinese financial weapon against the US,” Thiel said during an appearance at a virtual event on Tuesday.