Over the past few years, Peter Thiel, a prominent venture capitalist with a net worth of $2.7 bln, spoke of the threat Bitcoin poses to fiat money and the financial freedom it grants to its users.
Thiel, who appeared on the Economist’s Keynote interview, stated:
"It becomes a threat to fiat money at a point where Bitcoin is encrypted in such a robust way that the tax authorities can't break the encryption, can't tell how much money you have, and what transactions you are doing."
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https://cointelegraph.com/news/trump-connected-billionaire-peter-thiel-bitcoin-threatens-fiat-tax-authorities-cant-break-codes![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fcointelegraph.com%2Fimages%2F725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9kMzNjOWY0YTc3MTdmZmU0MmM1ZDRiM2FkOTI4M2QyOC5qcGc%3D.jpg&t=663&c=EJpMh8Q6dpfiEg)