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PayPal Founder: Bitcoin may become China's financial weapon against the United States

PayPal co-founder Peter Thiel said that although he supports Bitcoin, he also doubts that this cryptocurrency may be hurting the United Stat...


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PayPal co-founder Peter Thiel said that although he supports Bitcoin, he also doubts that this cryptocurrency may be hurting the United States. Regulatory authorities should pay attention to whether Bitcoin will become a financial weapon for mainland China to use against the United States.


Tyre is a venture capitalist and a conservative funder; he called on the U.S. government to consider strengthening the supervision of cryptocurrencies; Tyre is one of the main investors in virtual currency venture capital companies and cryptocurrencies, but his latest statement, It seems to show that his views on cryptocurrencies have changed.


When attending a virtual event organized by the Richard Nixon Foundation, Tyre said: "At the moment I do have questions about whether Bitcoin should to some extent be regarded as a financial weapon for mainland China against the United States. Bitcoin It poses a threat to fiat currencies, especially the U.S. dollar. From a geopolitical point of view, if mainland China makes more bitcoins, the United States should more closely examine the exact operation of bitcoin.”


Tyre often criticizes American companies dealing with mainland China. In this virtual forum, he talks with former U.S. Secretary of State Pompeo and former National Security Adviser O'Brien, both of whom are hawkish officials during the Trump administration; this conversation mainly focuses on China US  Relations 2021 .


In addition to the Bitcoin issue, Tyre also questioned whether Google’s AI technology was used by the Beijing authorities to monitor the Xinjiang region; in addition, he also named Apple, thinking that the U.S. government should put Apple under supervision, because most of Apple’s devices are produced in mainland China. Endangering the interests of the United States.




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