The Breakdown Is Bitcoin a Chinese Financial Weapon? Peter Thiel Ignites a Geopolitical Debate
Apr 9, 2021
20:48
Peter Thiel is nothing if not good at igniting controversy. For the last 24 hours or so, Bitcoin Twitter (and really, FinTwit and TechTwit and Politics Twitter as well) have been hotly debating his assertion in recent remarks that bitcoin had become a “Chinese financial weapon.”
In today’s episode, NLW breaks down:
- The debate around Thiel’s comments
- Why bitcoin is more likely a threat to Chinese aspirations around the digital yuan’s future status as a global currency than the U.S. dollar
- Why digital dollars like tether and USDC might make this whole debate moot from the get-go