Is Bitcoin a Chinese Financial Weapon? Peter Thiel Ignites a Geopolitical Debate

<p><span style="font-weight: 400;">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.”</span></p> <p><span style="font-weight: 400;">In today’s episode, NLW breaks down:</span></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">The debate around Thiel’s comments </span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">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</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Why digital dollars like tether and USDC might make this whole debate moot from the get-go</span></li> </ul> <div data-pm-slice="1 1 []" data-en-clipboard="true">--</div> <div><em>Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io</em></div> <div>--</div> <div>Enjoying this content?</div> <div> </div> <div>SUBSCRIBE to the Podcast</div> <div>Apple:  https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb</div> <div>Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ</div> <div>Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M=</div> <div> </div> <div>Follow on Twitter:</div> <div>NLW: https://twitter.com/nlw</div> <div>Breakdown: <a href="https://twitter.com/BreakdownNLW" rev= "en_rl_none">https://twitter.com/BreakdownNLW</a></div> <div> </div> <div>The Breakdown is produced and distributed by CoinDesk.com</div>