Press "Enter" to skip to content

Thiel attacks tech companies and warns of China-Bitcoin tandem By

© Reuters.

By Laura Sánchez – Peter Thiel, Venture Capitalist and Tech Investor, is “pro-crypto” and “pro-Bitcoin” at their full potential, but he also believes that the cryptocurrency may be undermining America.

As published Fortune, Thiel has urged the Government of Joe Biden to consider stricter regulations on cryptocurrencies.

“I wonder if it should also be partly regarded as a Chinese financial weapon against the United States“Thiel said during an appearance at a virtual event held for members of the Richard Nixon Foundation.” It threatens fiat money, but it especially threatens the US dollar, “adds Thiel.

“Perhaps from a geopolitical perspective, the United States should ask itself some more difficult questions about how exactly China’s digital currency works,” says the investor.

Thiel was joined by former Secretary of State Mike Pompeo and former national security adviser Robert O’Brien. The conversation between Thiel, who has frequently criticized US companies doing business with Beijing, and two ‘aggressive’ former members of the Trump administration, focused primarily on US-China relations, picks up Fortune.

During the talk, Thiel criticó a Google (NASDAQ:), whom 2 years ago he accused of work against American interests. On this occasion, the expert added that the technology giant had lobbied employees of the company’s Artificial Intelligence division about whether its technology was being used in China’s Xinjiang region, where ethnic minorities have allegedly been mistreated.

China has denied this fact, and Google has reported in a statement that it does not work with the Chinese military.

Thiel also suggested that the United States should follow India by banning TikTok., the social application owned by the Chinese company ByteDance Ltd., which it accuses of contributing to the leakage of user data. Thiel points out that if it were banned, TikTok would likely be replaced by similar apps, as has happened in India. “I don’t think it was a tremendous loss,” he says.

TikTok comments dovetail with posts on Facebook (NASDAQ :), where Thiel sits on the board of directors. Facebook has portrayed TikTok as a threat to American values. But Thiel also criticizes Facebook itself, for nurturing what he called “awakening politics,” noting that the company had refused to take a firm position on the protests in Hong Kong last year.

Thiel also criticized Facebook, along with other technology companies, for “disbanding President Trump,” a reference to the company’s decision to cancel the account of the former president for inciting the assault on the United States Capitol on January 6. “There has been a total censorship,” concludes Thiel.

Legal warning: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *