Peter Thiel made headlines with comments he made at a virtual event for members of the Richard Nixon Foundation on Wednesday. Thiel wondered if Bitcoin (CRYPTO: BTC) should be considered a “Chinese financial weapon” against the US at this point, adding that bitcoin may be a threat to the US dollar.
“Even though I am a pro-crypto, pro-Bitcoin maximalist person, I wonder if Bitcoin at this point should also be considered in part as a Chinese economic weapon against the United States,” says @Paypal co-founder Peter Thiel.
More about cryptocurrencies from #NixonSeminar: pic.twitter.com/sIUQTQEWgr
̵1; Richard Nixon Foundation (@nixonfoundation) April 7, 2021
Related link: Apple, Google, Bitcoin, acting against US interests and in favor of China, says Peter Thiel
Thursday on CNBC’s “Squawk Box”, Joe Lonsdale, founder of 8VC and co-founder of Palantir Technologies Inc. (NYSE: PLTR), was asked about the comments made by Thiel, who is also a co-founder of Palantir, during the virtual event.
“It is very interesting to see that China is the first movement in the crypto world in terms of their government working with [bitcoin] and they could certainly use it in ways that are antagonistic, ”Lonsdale told CNBC.
Lonsdale said he is very pro-bitcoin and that it is a “force for freedom.” In the future, you will “have the currency to work on the blockchain.”
Lonsdale followed up by saying it makes sense for the US to have its own cryptocurrency, and if the government does nothing, the US dollar could become irrelevant in 20 or 30 years.
BTC price action: Bitcoin rose 98.34% from year to date and rose 3.15% to $ 57,716.80 at last check on Thursday.
(Photo: Dmitry Demidko via Unsplash)
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