(ETH) – PayPal co-founder and billionaire investor Peter Thiel has just made a strong warning regarding China. Thiel is warning that bitcoin could potentially become a “Chinese financial weapon” used to dethrone the USD’s monetary status.


According to the report from Yahoo, Thiel recently spoke alongside former Secretary of State Mike Pompeo at a virtual roundtable hosted by the Richard Nixon Foundation Wednesday.


It is there that Thiel opined that, Thiel openly warned about China’s cryptocurrency could pose a major threat to the U.S. dollar’s reserve currency status.

“Even though I’m a pro-crypto, pro-Bitcoin maximalist person, I do wonder whether if at this point Bitcoin should also be thought of in part as a Chinese financial weapon against the U.S…. it threatens fiat money, but it especially threatens the dollar,” Thiel said during the stream.

Ricky Scaparo is the pastor and founder of the international ministry End Time Headlines. A ministry that provides resources to equip believers and to inform the discerning of the signs and seasons in which we live. His mission is to inform his readers and viewers of prophetic events and how they are unfolding before our very eyes through news and headlines presented from a prophetic perspective in light of the Holy Bible.