Thiel talked about cryptocurrency, central banks and artificial intelligence (AI) in a Miami interview hosted by the policy think tank Lincoln Network and Bloomberg Report October 20.
“You should only buy bitcoin,” Thiel said, adding: “I think I underinvest in it.”
The technology investor pointed out that his only concern about buying bitcoin is that the investment “secrets are known to everyone.” “I think the answer still has a long way to go. Maybe this is still a secret enough,” he added.
According to Thiel, the latest Bitcoin rally is definitely a major concern for global central banks. Thiel said that the soaring of cryptocurrencies to record highs “definitely tells us that we are at a moment when the central bank is completely bankrupt.”
In the interview, Thiel also criticized artificial intelligence as an opponent of the decentralized power of cryptocurrency. “Artificial intelligence, especially that low-tech form of surveillance, is communist in nature,” he said, adding that artificial intelligence is “technology that will destroy the world.”
Thiel is one of Bitcoin’s most outspoken supporters, he claims Bitcoin successfully became currency in 2014. Venture capitalists are also known as Call Bitcoin “a hedge against the disintegration of the entire world.”Earlier this year, venture capitalists warned that the Chinese central government might Support Bitcoin as a means of destruction U.S. foreign and monetary policy.
PayPal, which Thiel co-founded in 1998 with others, has been entering the encryption field for the past year.company Officially announced It plans to launch the ability to buy and sell cryptocurrencies such as Bitcoin in October last year. Since then, PayPal has launched encryption services in the United States and the United States. U.K.