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.
“Even though I’m 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.” says @Paypal co-founder Peter Thiel.
— Richard Nixon Foundation (@nixonfoundation) April 7, 2021
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.