China using Bitcoin as ‘financial weapon’ against United States: PayPal Co-Founder Peter Thiel

Samuel Haig reports in Cointelegraph.com that commenting on whether China’s central bank-issued digital currency, or CBDC, could threaten the U.S. dollar’s status as a global reserve currency, Theil thinks that China will not try to do it with its CBDC but it may try to do with Bitcoin.

He said, “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. where it threatens fiat money, but it especially threatens the U.S. dollar.”

Thiel pointed out China has tried to do it with Euro by denominating oil trades in Euros during recent years in a bid to undermine the global standing of the dollar.

Source credit and full story - https://cointelegraph.com/news/china-using-bitcoin-as-financial-weapon-against-united-states-peter-thiel

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