China Could Be Using Bitcoin as a Financial Weapon Against the US, Says PayPal Co-Founder

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Peter Thiel, billionaire investor and PayPal co-founder, has warned that Bitcoin could be a “Chinese financial weapon” used to dethrone the US dollar’s reserve currency status.

In a virtual meeting held for members of the Richard Nixon Foundation, Thiel said that assuming that China is a long Bitcoin, the crypto could pose a threat to the US dollar’s monetary status.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.

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