• About
  • FAQ
  • Landing Page
  • Buy JNews
Toraja Cyber News
  • Home
    • Home – Layout 1
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
  • Home
    • Home – Layout 1
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
Toraja Cyber News
No Result
View All Result
Home Bitcoin

Peter Thiel: “China uses Bitcoin as a financial weapon against the United States”

torajacybernews by torajacybernews
April 8, 2021
in Bitcoin, Blockchain, Business, Guide, Market, Uncategorized
0
Peter Thiel: “China uses Bitcoin as a financial weapon against the United States”
193
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

PayPal co-founder and venture capitalist Peter Thiel warned that the Chinese central government may be backing Bitcoin as a means of hurting US foreign and monetary policy.

‘I’d rather Bitcoin than a government-watched currency,’ writes Robert Kiyosaki
But, he added, that the Chinese government tried to use the euro in the same way.

Speaking at a virtual event organized by the Richard Nixon Foundation, a conservative non-profit organization, Thiel commented on whether the digital currency issued by China’s central bank, or CBDC, could threaten the position of the US dollar as a reserve currency. world.

UAE economy minister: cryptocurrencies and tokenization are ‘key’ to doubling GDP


Although Thiel, who is known to be pro-Bitcoin, suggested that an “internal stablecoin in China” will amount to little more than “some kind of totalitarian measuring device,” he added that China may view Bitcoin as a tool to erode. the hegemony of the dollar.

“From China’s point of view, they don’t like that the US has this reserve currency, because it gives a lot of advantage over oil supply chains and all sorts of things like that,” he said, adding:

“Although I am a pro-cryptocurrency person, pro-Bitcoin maximalist, I wonder if at this point Bitcoin should also be seen in part as a Chinese financial weapon against the US where it threatens fiat money, but it especially threatens the US dollar. “
Thiel alluded to Chinese efforts to denominate oil operations in euros in recent years in an attempt to undermine the global position of the dollar, stating: “I think you can think of the euro as part of a Chinese weapon against the dollar; the last decade didn’t really work out that way, but China would have liked to see two reserve currencies, like the euro. “

Crypto lobbies increase their presence in Washington amid the threat of a regulatory bottleneck


The venture capitalist speculated that China really does not want its renminbi to become the world’s reserve currency, noting that the government would have to “open its capital accounts” among other measures “that it really does not want to do.”

Therefore, Thiel concludes that support for Bitcoin offers China an elegant means to weaken the position of the dollar internationally:

“China wants to do things to weaken [the dollar], China is in favor of Bitcoin, and perhaps, from a geopolitical perspective, the US should ask some tougher questions about how exactly it works.”

  • Trending
  • Comments
  • Latest
Paypal Co-Founder: Bitcoin Could Be a “Chinese Financial Weapon”

Paypal Co-Founder: Bitcoin Could Be a “Chinese Financial Weapon”

April 8, 2021
Mercado Libre will allow you to buy real estate with Bitcoin

Mercado Libre will allow you to buy real estate with Bitcoin

May 1, 2021
Ethereum miner will have 3 GH / s of hash

Ethereum miner will have 3 GH / s of hash

May 1, 2021
Xiaomi MIX 4 Review

Xiaomi MIX 4 Review

November 17, 2021
A ‘growth hacker’ uses cryptocurrencies to help homeless people

A ‘growth hacker’ uses cryptocurrencies to help homeless people

0
DeFi’s Total Locked Value Breaks New Record As BSC-Powered Protocols Totaled Billions

DeFi’s Total Locked Value Breaks New Record As BSC-Powered Protocols Totaled Billions

0
When will the ‘altcoin season’ happen? Now, says one analyst as Bitcoin’s dominance hits a 6-month low

When will the ‘altcoin season’ happen? Now, says one analyst as Bitcoin’s dominance hits a 6-month low

0
Institutional participation in cryptocurrencies reaches lowest levels since October

Institutional participation in cryptocurrencies reaches lowest levels since October

0
Is it possible to transfer gems from one brawl stars account to another?

Is it possible to transfer gems from one brawl stars account to another?

September 25, 2022
Samsung Galaxy Tab A7 Lite

Samsung Galaxy Tab A7 Lite

September 3, 2022
auriculares LG Tone

Auriculares LG Tone

September 3, 2022
Oukitel WP5000

Oukitel WP5000

September 3, 2022

Recent News

Is it possible to transfer gems from one brawl stars account to another?

Is it possible to transfer gems from one brawl stars account to another?

September 25, 2022
Samsung Galaxy Tab A7 Lite

Samsung Galaxy Tab A7 Lite

September 3, 2022

Categories

  • Bitcoin
  • Blockchain
  • Business
  • Ethereum
  • Guide
  • Market
  • Promotion
  • Regulation
  • Review
  • Ripple
  • Uncategorized
  • About
  • FAQ
  • Support Forum
  • Landing Page
  • Buy JNews
  • Contact Us

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.