China may use Bitcoin as a "financial weapon"

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China may use Bitcoin as a "financial weapon"

WASHINGTON—
American venture capitalist and billionaire Peter Thiel is worried that China is using Bitcoin to harm the United States.

The PayPal co-founder commented on an online forum hosted by the Richard Nixon Foundation, a think tank in California, on Tuesday (April 6) that Bitcoin "is a threat to fiat currencies." , Especially threatening the U.S. dollar."

The Nixon Foundation quoted Thiel as saying in a tweet: "Although I am one of the biggest supporters of cryptocurrency and Bitcoin, I really want to know whether Bitcoin should also be regarded as part of China's opposition to the United States at this point. Financial weapons."

Thiel said that China wants to see two global reserve currencies, not just the U.S. dollar as the default reserve currency. However, China does not want the renminbi to play this role, and has used the euro "partially" as a weapon against the US dollar in the past. He believes that doing so "doesn't work", so now China is trying to upgrade Bitcoin. "

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