Peter Thiel calls bitcoin âa Chinese financial weaponâ
Max Chafkin
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Peter Thiel is âpro-cryptoâ and âpro-bitcoin maximalistâ, but he also thinks the cryptocurrency may be undermining America.
Thiel, the venture capitalist and conservative political donor, urged the US government to consider tighter regulations on cryptocurrencies in an appearance on Tuesday (Wednesday AEST).
Peter Thiel.Â
Bloomberg
The statements seemed to represent a change of heart for Thiel, who is a major investor in virtual currency ventures as well as in cryptocurriences themselves.
âI do wonder whether at this point, bitcoin should also be thought [of] in part as a Chinese financial weapon against the US,â Thiel said during an appearance at a virtual event held for members of the Richard Nixon Foundation. âIt threatens fiat money, but it especially threatens the US dollar.â
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