Peter Thiel told a gathering of the Federalist Society on Monday that bitcoin’s high price was a sign that the current political system in the U.S. isn’t going to last. Thiel also described President Biden as a “more senile version of Pétain,” referring to Philippe Pétain, the marshal of France during World War II who was later convicted of treason for collaborating with the Nazis. #Crypto 

Briefing: Thiel: Crypto is the ‘most honest market we have’.

Crypto

Peter Thiel told a gathering of the Federalist Society on Monday that bitcoin’s high price was a sign that the current political system in the U.S. isn’t going to last. Thiel also described President Biden as a “more senile version of Pétain,” referring to Philippe Pétain, the marshal of France during World War II who was later convicted of treason for collaborating with the Nazis. #Crypto  Briefing: Thiel: Crypto is the ‘most honest market we have’. The stratospheric price of bitcoin is one of the clearest indicators that the current political system in the US is unsustainable, venture capitalist Peter Thiel told a gathering of the Federalist Society on Monday night.    “I don’t know that you should put all your money into bitcoin at $60,000 a bitcoin right now,” Thiel said. “But surely the fact that it is at $60,000 is an extremely hopeful https://www.theinformation.com/briefings/8c2365?utm_content=article-6431&utm_source=sg&utm_medium=email&utm_campaign=article_email

Yes, IMO the US is the biggest beneficiary of the current monetary system. It's definitely not in their interest for US dollar to be replaced.

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Is that because crypto is subversive to the might of the USD? Makes me think: Is capitalism and free market more important than national power? Prob not

True, but I don’t expect the US government to be a major adopter of crypto

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