Thiel Says Bitcoin Is ‘Chinese Financial Weapon’ Against U.S.

The transcript discusses Peter Thiel's views on Bitcoin, highlighting its potential to rival fiat currencies and its geopolitical implications. Thiel, a known Bitcoin supporter, expresses concerns about Bitcoin being used as a financial weapon by China against the US dollar. He suggests that the US should consider more controls to prevent Bitcoin from undermining the US dollar.

What does the term 'Fiat currency' refer to in the context of this discussion?

In what ways does the speaker suggest the US should respond to the rise of Bitcoin?