{"id":40387,"date":"2021-04-08T11:16:08","date_gmt":"2021-04-08T08:16:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=40387"},"modified":"2025-08-30T13:54:58","modified_gmt":"2025-08-30T10:54:58","slug":"peter-thiel-calls-bitcoin-a-chinese-financial-weapon","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/peter-thiel-calls-bitcoin-a-chinese-financial-weapon\/","title":{"rendered":"Peter Thiel Calls Bitcoin a &#8216;Chinese financial weapon&#8217;"},"content":{"rendered":"<p>PayPal co-founder Peter Thiel suggested that Bitcoin could end up as a \u201cChinese financial weapon\u201d aimed at weakening the U.S. dollar. He said this at an event hosted by the Richard Nixon Foundation.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\u201cEven though I\u2019m a pro-crypto, pro-Bitcoin maximalist person, I do wonder whether if at this point Bitcoin should also be thought of in part as a Chinese financial weapon against the U.S.\u201d says <a href=\"https:\/\/twitter.com\/PayPal?ref_src=twsrc%5Etfw\">@Paypal<\/a> co-founder Peter Thiel.<\/p>\n<p>More on cryptocurrencies from The <a href=\"https:\/\/twitter.com\/hashtag\/NixonSeminar?src=hash&#038;ref_src=twsrc%5Etfw\">#NixonSeminar<\/a>: <a href=\"https:\/\/t.co\/sIUQTQEWgr\">pic.twitter.com\/sIUQTQEWgr<\/a><\/p>\n<p>\u2014 Richard Nixon Foundation (@nixonfoundation) <a href=\"https:\/\/twitter.com\/nixonfoundation\/status\/1379894036060864516?ref_src=twsrc%5Etfw\">April 7, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cEven though I\u2019m a cryptocurrency advocate, I wonder whether at this stage Bitcoin should be viewed in part as a Chinese financial weapon against the United States \u2026 This threatens fiat money, especially the dollar,\u201d Thiel said.<\/p>\n<\/blockquote>\n<p>According to the billionaire, authorities should consider tightening regulation of digital assets.<\/p>\n<p>Earlier, Morgan Stanley Investment Management strategist Ruchir Sharma called Bitcoin a possible <a href=\"https:\/\/forklog.com\/en\/news\/morgan-stanley-bitcoin-could-strip-the-dollar-of-its-reserve-currency-status\">competitor to the dollar<\/a> thanks to its growing role as a means of payment.<\/p>\n<p>In January 2021, former Canadian prime minister Stephen Harper suggested that digital gold and CBDCs <a href=\"https:\/\/forklog.com\/en\/news\/ex-canadian-prime-minister-sees-bitcoin-and-cbdcs-contesting-the-dollar-for-reserve-currency-status\">could supplement<\/a> the basket of reserve currencies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PayPal co-founder Peter Thiel suggested that Bitcoin could be a \u201cChinese financial weapon\u201d in an attempt to weaken the U.S. dollar. He said this at an event hosted by the Richard Nixon Foundation.<\/p>\n","protected":false},"author":1,"featured_media":40388,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,133,706,26],"class_list":["post-40387","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-china","tag-peter-thiel","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"75","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/40387","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=40387"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/40387\/revisions"}],"predecessor-version":[{"id":40389,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/40387\/revisions\/40389"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/40388"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=40387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=40387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=40387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}