Monday , August 2 2021

Bitcoin News LIVE – Stocks lower maximum intraday drop in weeks to lose $ 4,000



BITCOIN DEPENDS ON CHINESE FINANCING AS A FOUNDATION OF BILLIONAIRE PAYPAL

TECH billionaire Peter Thiel recently issued a warning about Bitcoin as its value continues to rise.

The founder of PayPal said the cryptocurrency should be treated as a “Chinese financial weapon” that threatens the global power of the United States. Thiel called for stricter restrictions on Bitcoin, which he said could weaken the US dollar’s ​​position as the world’s reserve currency.

The comments represent a change of heart for a mega-investor who has previously described Bitcoin as the “digital equivalent of gold.”

“I wonder if Bitcoin should be considered at this point as well [of] partly as China’s financial weapon against the United States, ”Thiel said when speaking at a virtual event on Tuesday.

“It threatens fiat money, but especially the U.S. dollar,” he told Richard Nixon Foundation members.




Source link