German-American businessman, co-founder of Pay Pal, Peter Thiel thinks it is quite possible that China uses BTC as an economic instrument against the US.
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Thiel expressed this opinion during an online seminar set by Richard Nixon Foundation on April 6. Ex-Secretary of State Mike Pompeo and previous National Security Advisor Robert O’Brien were the co-chairs of the meeting related to technology, China, and Silicon Valley.
During the discussion, Pay Pal CEO said despite his being a big supporter of the crypto industry, he wonders if China views the coin as a weapon.
Thiel mentioned that BTC is a threat to fiat, particularly for the US dollar and its role as a reserve currency. He added in the case of China's long Bitcoin, the US will need to ask about its work details.Peter Thiel is a billionaire investor who backed companies like Facebook, SpaceX, Airbnb, and more. He also supported various crypto projects. Previously Thiel said BTC is digital gold.