The Dollar's Strength Comes from the Barrel of a Gun - Peter Thiel
PayPal and Facebook Founding Father Peter Thiel recently held court at the annual "Dinner for Western Civilization" dinner. This gathering was hosted by the Intercollegiate Studies Institute at the University Club in New York City. As per usual, Peter Thiel was asked about the prospectus of Bitcoin as a global currency, and how it relates to the dollar in the future. The context of this discussion being that inflation and "Quantitative Easing" are hurting the dollar's standing globally. So how would you best protect yourself, and diversify your exposure in the future, outside of the US....
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The idea of cryptocurrencies has been around for a while. Peter Thiel, a very famous venture capitalist, and hedge fund manager, gave a talk in 1999 that discussed the possibility of monetary sovereignty, and further, the possibility in rise of encrypted money. Last weekend at the Thiel Foundation Under 20 Summit in New York City, Thiel himself was asked about encrypted money.
According to Paypal cofounder Peter Thiel, the Chinese government, which detests the U.S. dollar’s reserve currency status, could be using bitcoin as a financial weapon against the U.S. While he concedes that China has no intentions of making the yuan renminbi a reserve currency, Thiel still thinks the Asian country may have longed bitcoin because it weakens the dollar’s influence. Reserve Currencies Speaking at the recent Richard Nixon Foundation seminar, Thiel also suggested that China ideally prefers to have two reserve currencies that counter the dollar. He says the Asian....
During a discussion published on March 12, 2022, the billionaire entrepreneur and venture capitalist, Peter Thiel discussed how he built Paypal with fellow co-founders Max Levchin, David Sacks, and Luke Nosek. Toward the end of the hour-long conversation, the topic quickly turned to cryptocurrencies and Thiel stressed that his “biggest mistake” during the last ten years “was getting too late and too little into bitcoin.”
Paypal Co-Founder Peter Thiel Reveals the Biggest Mistake He’s Made in the Last Decade
Last week, the new book dubbed....
Just last week, Donald Trump was elected the 45th President of the United States of America in an electoral upset and unexpected victory against his opponent, former Secretary of State Hillary Clinton. In his first week as President-Elect, Trump started forming his transition team. On Friday, he officially added Peter Thiel to the team. What does this....
Peter Thiel, co-founder of PayPal and famed Silicon Valley investor, has revealed he believes bitcoin could make some serious waves in the world of finance. Speaking at the Thiel Foundation Under 20 Summit, last weekend, Thiel said he gave a talk back in 1999 that mentioned the end of monetary sovereignty and how encrypted money was going to "change the world". "I do think bitcoin is the first one of these that has the potential to do something like that," he added. The investor addressed the anti-bitcoin arguments that digital currency is "fake", a temporary "bubble" and "doesn't....