Peter Teal made headlines with comments he made at a virtual event for members of the Richard Nixon Foundation on Wednesday. Teal wondered if Bitcoin (CRYPTO: BTC) should now be seen as a “Chinese financial weapon” against the United States, adding that bitcoin could be a threat to the US dollar.
“Although I’m a pro-crypto, pro-bitcoin maximalist, I wonder if bitcoin should also be seen in part as a Chinese financial weapon against the United States,” said @Paypal co-founder Peter Thiel.
More about cryptocurrencies from #NixonSeminar: pic.twitter.com/sIUQTQEWgr
̵1; Richard Nixon Foundation (@nixonfoundation) April 7, 2021
Related link: Apple, Google, Bitcoin acting against US interests and in favor of China, says Peter Teal
Thursday at CNBC’s Squawk Box Joe Lonsdale, founder of 8VC and co-founder of Palantir Technologies Inc. (NYSE: PLTR) was asked about the comments made by Teale, who is also a co-founder of Palantir, during the virtual event.
“It is very interesting to see that China is the first engine in the crypto world in terms of their government, with which it works. [bitcoin] and they could definitely use it in ways that are antagonistic, “Lonsdale told CNBC.
Lonsdale said it was very pro-bitcoin and a “force for freedom.” In the future, “you will want the currency to work on the blockchain.”
Lonsdale followed, saying it made sense for the United States to have its own cryptocurrency, and if the government did not take action, the US dollar could become irrelevant in 20 or 30 years.
BTC Price Action: Bitcoin has risen 98.34% so far and rose 3.15% to $ 57,716.80 in the last check on Thursday.
(Photo: Dmitry Demidko via Unsplash)
Join us at SPACs Attack with Matt Higgins and Gary Vee
© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.