According to Peter Thiel, Bitcoin runs the risk of being a financial weapon that the Chinese could use against the United States.
Peter thiel is the founder of PayPal. He calls himself a Bitcoin maximalist and a cryptocurrency supporter. Speaking at an event organized by the Richard Nixon Foundation, he commented on the issuance of the digital yuan in China.
It has already been discussed that China's digital state currency it could undermine the sovereignty and dominance of the US dollar. In fact, it could be used not only by one billion Chinese, but also by all those Chinese outside state borders. Peter Thiel also seems suspicious of the use of bitcoin by the Chinese.
“I wonder if at this point, Bitcoin should also be seen in part as a Chinese financial weapon against the United States. It threatens fiat money, but it especially threatens the US dollar. "
In your opinion, America needs to end its skeptical view of Bitcoin and start asking questions about the use of digital currencies and the impact they can have globally.
Peter Thiel, pro-Bitcoin and against the web giants
Peter Thiel, in his speech dedicated to the relationship between China and big technologies, also spoke about web giants such as Google and Facebook, in a debate in which they also participated Mike pompeo (former US Secretary of State under the Trump administration) and Robert O'Brien, former NSA, participated.
According to Forbes, Thiel spoke out against what Google is doing in China and also attacked Apple, which has supply ties with Chinese companies. For him, it is necessary that the US government press to US companies to relax relations with China.
On the subject of Facebook, of which he is a member of the board, recalled how the social media giant has not taken a strong position regarding the protests that took place in Hong Kong in 2019. The problem, he explained, is that many Facebook employees are Chinese.
There was also the opportunity to talk about the social media ban with the president trump. Thiel, as a member of Facebook, had to be careful:
“The removal of President Trump's rigs two or three months ago was truly extraordinary. When you have German Chancellor Angela Merkel and President Obrador of Mexico saying that tech platforms have been too anti-Trump, too bad with Mr. Trump, that tells you that you have really overreached. "