Bitcoin May Be A “Chinese Weapon” Says Paypal’s Peter Thiel

Noted conservative Peter Thiel through some cold water on bitcoin Wednesday. The founder of PayPal questioned whether the upside in bitcoin might be related to China saying, “Even though I’m a pro-crypto, pro-bitcoin maximalist person, I do wonder whether at this point bitcoin should be thought in part a Chinese weapon against the U.S.” He made his comments at the Nixon seminar.

His comments come just as China makes its foray into the digital currency space, through its introduction of the digital yuan.

Bitcoin is currently trading near $56,000.

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