Peter Thiel Calls Bitcoin ‘a Chinese Financial Weapon’ at Virtual Roundtable | #Bitcoin | #BtitcoingSecurity | #BitcoinHacking

Photographer: Kiyoshi Ota/Bloomberg

Peter Thiel, the venture capitalist and conservative political donor, urged the U.S. government to consider tighter regulations on cryptocurrencies during an appearance at a virtual event held for members of the Richard Nixon Foundation. The statements seemed to reverse a long-held position for Thiel, who is a major investor in virtual currency ventures as well as in cryptocurriences themselves. In comments Tuesday night, he described himself as a “pro-crypto, pro-Bitcoin maximalist,” but warned that Bitcoin “threatens the U.S. dollar.”

“I do wonder whether at this point, Bitcoin should also be thought [of] in part as a Chinese financial weapon against the U.S.,” Thiel said, according to a video of the event obtained by Bloomberg. “It threatens fiat money, but it especially threatens the U.S. dollar.” He added: “[If] China’s long Bitcoin, perhaps from a geopolitical perspective, the U.S. should be asking some tougher questions about exactly how that works.”

Thiel was joined by former Secretary of State Mike Pompeo and former National Security Advisor Robert O’Brien. The conversation between Thiel, who has frequently criticized American companies that do business with Beijing, and two hawkish former members of the Trump administration, was largely focused on U.S.-China relations. It was moderated by Hugh Hewitt, the talk radio host and the chief executive of the Nixon Foundation. Forbes previously reported some details of the event.

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