Peter Thiel suggests China is using Bitcoin as a financial weapon

Entrepreneur and crypto investor Peter Thiel highlights that Bitcoin is a threat to fiat currencies, in particular the US Dollar.

He goes on to say, that even though he is bullish on crypto, he is weary about China using the cryptocurrency as a financial weapon against the US.

He implies that the US government should be concerned and start thinking about how to counter this threat.

If it were up to me, I would suggest speeding up adoption since at the end of the day, Bitcoin doesn’t care.

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