Xi Jinping probably sneezed twice when Peter Thiel made the comment that China could use Bitcoin, in addition to the Euro, as a “financial weapon” to dethrone the dollar as the global reserve currency.
In China, folklore says that if someone is missing you, you sneeze once; if someone criticizes you behind your back, you sneeze twice.
During the forum, titled „Big Tech and China: What Do We Need from Silicon Valley?,” Thiel, the famous PayPal co-founder and Trump backer, argued that China’s digital Yuan is not the real concern to the current global order. On the contrary, Thiel reasons, China’s potential use of Bitcoin might position the country to win the global financial power race, which would also give it more say in global political dominance.
So, how much truth is there to Thiel’s prediction?
Long gone are the days when China dominated BTC
The association between China and Bitcoin has deep roots in China’s decade-long dominance of bitcoin mining. Since the Bi
Źródło: https://decrypt.co/66063/peter-thiel-china-bitcoin-warning-fomo
