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Peter Thiel Calls Bitcoin ‘a Chinese Financial Weapon’ at Virtual Roundtable

From bnnbloomberg.ca

Peter Thiel, the venture capitalist and conservative political donor, urged the U.S. government to consider tighter regulations on cryptocurrencies during an appearance at a virtual event held for members of the Richard Nixon Foundation. The statements seemed to reverse a long-held position for Thiel, who is a major investor in virtual currency ventures as well as in cryptocurriences themselves. In comments Tuesday night, he described himself as a “pro-crypto, pro-Bitcoin maximalist,” but warned that Bitcoin “threatens the U.S. dollar.” “I do wonder whether at this point, Bitcoin should also be thought [of] in part ... (full story)

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