Happy Thursday, Blockfolians
Here is an interesting debate. First, watch this clip:
“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.” saysco-founder Peter Thiel.
More on cryptocurrencies from The:
Now, do you think that Thiel is saying that
The US should regulate crypto more, or
The US should get more involved with crypto so as not to let it fall into the hands of China?
That’s the debate that has raged all over Twitter for the past 24 hours and it’s not exactly clear where everyone lands.
Stop shitting on Peter Thiel. He’s playing the 4D chess trying to get US politicians interested in Bitcoin and ultimately the US government / Federal Reserve to accumulate Bitcoin. Galaxy Brain stuff.
What’s for sure is that he’s connecting the dots between bitcoin and the most important power systems that shape our world.
Thiel is pointing out to the nation’s elite that, far from being tulips or a speculative mania, Bitcoin has geopolitical and civilizational significance and will be pivotal in the rise and fall of fortunes and empires
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Highly Relevant Reading
Are we overdue for a big price move?
State Street is getting into crypto trading
Meet the Crypto Climate Accord
Christies is auctioning off CryptoPunks next month
Damn that’s impressive
Incredible to lookFund I.
This was a $7M fund.
All in a $7M Fund.
Really interesting argument
Bitcoin is upending the world of the rich.
If prices keep increasing (and there are good reasons to think they will), most of the very rich people in the world, and all of the richest, will be Bitcoiners.
(This post is for subscribers only.)
A Really Big Number We Should Be Paying Attention To
That’s the latest fundraise from NYDIG – with investors like insurance giant Liberty Mutual.