Palantir’s Joe Lonsdale responds to PayPal’s Peter Thiel feedback on Bitcoin: Bitcoin is a “power for freedom”

Peter Thiel hit the headlines with comments he made on Wednesday at a virtual event for members of the Richard Nixon Foundation. Thiel wondered if Bitcoin (CRYPTO: BTC) should be viewed as the “Chinese financial weapon” against the US at this point, and Bitcoin could pose a threat to the US dollar.

“Even though I am a pro-crypto-pro-bitcoin maximalist, I wonder if Bitcoin should be seen as a Chinese financial weapon against the US at this point,” says Peter Thiel, co-founder of @Paypal.

You can find more information about cryptocurrencies in the #NixonSeminar: pic.twitter.com/sIUQTQEWgr

– Richard Nixon Foundation (@nixonfoundation) April 7, 2021

Related link: Apple, Google, Bitcoin acting against US interests and in favor of China, says Peter Thiel

Joe Lonsdale, founding partner of 8VC and co-founder of Palantir Technologies Inc. (NYSE: PLTR) was asked about the comments Thiel, who is also co-founder of Palantir, made during the virtual event.

“It is very interesting to see that China is the first pacemaker in the crypto world in terms of cooperation with the government [bitcoin] and they could definitely use that in antagonistic ways, “Lonsdale told CNBC.

Lonsdale said he was very pro-bitcoin and that it was a “force for freedom”. Going forward, “you want the currency to work on the blockchain.”

Lonsdale subsequently said it made sense for the US to have its own cryptocurrency. If the government doesn’t take action, the U.S. dollar could become irrelevant in 20 or 30 years.

BTC price promotion: Bitcoin is up 98.34% year-to-date and up 3.15% to $ 57,716.80 on Thursday’s last check.

(Photo: Dmitry Demidko via Unsplash)

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