Peter Thiel calls Bitcoin a ‘Chinese financial weapon’ and urges the US to tighten the rules on cryptography

Peter Thiel calls Bitcoin a ‘Chinese financial weapon’ and urges the US to tighten the rules on cryptography

— Richard Nixon Foundation (@nixonfoundation) April 7, 2021 More on cryptocurrencies from The #NixonSeminar: pic.twitter.com/sIUQTQEWgr Thiel was also joined by former US Secretary of State Mike Pompeo and former National Security Advisor Robert O’Brien. At the event, their conversation was largely focused on the sour relationships between the US and China. During the talk, Thiel even expanded upon previous criticism of Google, which he accused of working against American interest, and said that he’d pressed employees in the company’s artificial intelligence division about whether their technology was being used in China’s Xinjiang region, where the Western nations say the country has detained ethnic Uyghurs in internment camps. 

“Even though I’m a pro-crypto, pro-Bitcoin maximalist person, I do wonder whether if at this point Bitcoin should also be thought of in part as a Chinese financial weapon against the U.S.” says @Paypal co-founder Peter Thiel. The PayPal co-founder, who himself is a major investor in virtual currency ventures as well as in cryptocurrencies, added, “It threatens fiat money, but it especially threatens the U.S. dollar. (If) China’s long Bitcoin, perhaps from a geopolitical perspective, the US should be asking some tougher questions about exactly how that works”. 

Thiel says US should follow India Further, the PayPal co-founder even went on to attack Apple Inc. He described Apple as a problem for the US interests. He said that Apple is probably the one tech company that’s “structurally a real problem”. He added that  Apple is one that has “real synergies with China”. 

Thiel said, was, “Well, we don’t really know—and don’t ask any questions”. He continued: “You have this almost magical thinking that by pretending that everything is fine, that’s how you engage and have a conversation”. 

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