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

THIEL From China s ░░░░░░░░ of view they want ░░░░░░░░ get they don t ░░░░░░░░ the U S having ░░░░░░░░ reserve currency because it ░░░░░░░░ us a lot of ░░░░░░░░ over Iranian oil supply ░░░░░░░░ and all sorts of ░░░░░░░░ like that They like ░░░░░░░░ don t want the ░░░░░░░░ to become a reserve ░░░░░░░░ because then you have ░░░░░░░░ open your capital account ░░░░░░░░ you have to do ░░░░░░░░ sorts of things they ░░░░░░░░ don t want to ░░░░░░░░ I think the euro ░░░░░░░░ can think of is ░░░░░░░░ part a Chinese weapon ░░░░░░░░ the dollar In last ░░░░░░░░ it hasn t quite ░░░░░░░░ out that way but ░░░░░░░░ would have liked to ░░░░░░░░ two reserve currencies like ░░░░░░░░ euro And even though ░░░░░░░░ m sort of a ░░░░░░░░ crypto pro Bitcoin maximalist ░░░░░░░░ I do wonder whether ░░░░░░░░ this point Bitcoin should ░░░░░░░░ be thought in part ░░░░░░░░ as a Chinese financial ░░░░░░░░ against the U S ░░░░░░░░ it threatens fiat money ░░░░░░░░ it especially threatens the ░░░░░░░░ S dollar and China ░░░░░░░░ to do things to ░░░░░░░░ it So it s ░░░░░░░░ of China s long ░░░░░░░░ and perhaps from a ░░░░░░░░ perspective the U S ░░░░░░░░ be asking some tougher ░░░░░░░░ about exactly how that ░░░░░░░░ But some internal stable ░░░░░░░░ in China that s ░░░░░░░░ a real cryptocurrency That ░░░░░░░░ just some sort of ░░░░░░░░ totalitarian measuring device.”