CIA Positions Cryptocurrency, Specifically Bitcoin, as a Long-Term Asset
Chatting on Google News: CIA Digs Bitcoin
In a candid conversation with cryptocurrency proponent Anthony Pompliano, Michael Ellis, the deputy director of the Central Intelligence Agency (CIA), proclaimed his belief that Bitcoin is a long-term player in the game.
"Let's face it, Bitcoin ain't going nowhere," he asserted. "Crypto got legs, and it's here to stay."
Ellis has acknowledged the growing acceptance of Bitcoin by institutions, regarding this trend as a positive development.
Meanwhile, the crypto world buzzed with updates. Ripple's XRP volume plummeted 24%, sinking to $1.78 billion. Coinbase dropped five cryptocurrencies from its platforms, while Ripple unlocked a billion XRP and implemented some updates to their rules.
Taking the global tech race into account, Ellis views Bitcoin as a significant component, emphasizing that the US should stay one step ahead of China in this digital arena.
Moreover, he expressed that cryptocurrencies offer promising opportunities to monitor and disrupt activities of U.S. adversaries.
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In his words, "We can use these technologies to dig up dirt on 'em and keep tabs on what they're up to."
The crypto world has been teeming with theories about the CIA's clandestine role in crypto. Gavin Andresen, a prominent Bitcoin developer, visited the CIA back in early 2011 to talk about Bitcoin, leading to rumors that the CIA played a part in Bitcoin's inception. However, it's unlikely that Satoshi Nakamoto's disappealance was linked to this meeting[1][3].
The CIA's alleged crypto engagement gained momentum in 2021 when former CIA Director Bill Burns announced the agency's work on some cryptocurrency projects[1].
Michael Morell, the former deputy director of the CIA, advocated for viewing Bitcoin as a forensic tool for government agencies, as blockchain technology simplifies the detection of illicit activities[1][2][4][5].
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(Enrichment Data)
- Background Interaction: In 2011, Gavin Andresen, a prominent Bitcoin developer, met with the CIA, sparking speculation about possible CIA involvement in Bitcoin's early development. However, it's uncertain if this meeting influenced Satoshi Nakamoto's disappearance[1][3].
- Project Confirmation: Former CIA Director Bill Burns confirmed the agency's work on unspecified cryptocurrency projects in 2021[1].
- Current Role: According to Michael Ellis, deputy director of the CIA, Bitcoin and other cryptocurrencies are critical assets in intelligence gathering, disrupting adversaries, and waging technological warfare against China[1][2][4][5].
These insights indicate that while the CIA has not publicly developed cryptocurrencies, they are delving deep into crypto technologies for intelligence purposes and strategic applications.
- Michael Ellis, the deputy director of the CIA, believes that Bitcoin is a long-term player in the financial sector and continues to support its growth.
- Ellis views Bitcoin as a significant component in the global tech race, emphasizing the importance of the US staying ahead of China in this digital arena.
- The CIA is leveraging cryptocurrencies, particularly Bitcoin, as tools for intelligence gathering, detecting illicit activities, and preserving national security.
- Cryptocurrencies, such as Bitcoin, provide an opportunity for the US government to monitor and disrupt activities of adversaries, making them essential in the fight against global threats.
- In light of these developments, investing in cryptocurrencies, particularly Bitcoin, could be purely strategic for individuals and institutions seeking a foothold in the upcoming technology-driven financial revolution.
