Home / Business / Palantir’s Joe Lonsdale responds to PayPal’s Peter Thiel comment on Bitcoin: Says Bitcoin Is ‘Force For Freedom’

Palantir’s Joe Lonsdale responds to PayPal’s Peter Thiel comment on Bitcoin: Says Bitcoin Is ‘Force For Freedom’



Peter Thiel made headlines with comments he made on the virtual work for members of the Richard Nixon Foundation on Wednesday. Bitcoin (CRYPTO: BTC) should be viewed as It is now “China’s financial weapon” against the US, adding that bitcoin could pose a threat to the US dollar.

Related link: Apple, Google, Bitcoin that oppose US interests and favor China, says Peter Thiel.

Thursday on CNBC’s “Squawk Box” Joe Lonsdale, Founding Partner at 8VC and Co-Founder. Palantir Technologies Inc. (NYSE: PLTR) was asked about comments that Palantir co-founder Thiel made during the virtual reality event.

“It is very interesting to see that China is the first mover in the crypto world in terms of how their government works. [bitcoin] And of course they could use that in antagonistic ways.

Lonsdale says he’s a huge bitcoin expert and is the “power of freedom” in the future.

Lonsdale followed by saying it made sense for the US to have its own cryptocurrency and that if the government didn’t take any action, the U.S. dollar could be irrelevant for the next 20 or 30 years.

BTC price action: Bitcoin is up 98.34% from a year ago and is up 3.15% to $ 57,716.80 in the most recent investigation on Thursday.

(Image: Dmitry Demidko via Unsplash)

Join us in the SPACs Attack with Matt Higgins & Gary Vee.




Source link