CIA Endorses Continued Adoption of Bitcoin Technology
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In an intriguing chat with cryptocurrency enthusiast Anthony Pompliano, Michael Ellis, CIA's Deputy Director, boldly declared, "Bitcoin ain't goin' nowhere, my friend."
Ellis underscored his belief, saying, "Bitcoin is sticking around. Cryptocurrency is here to stay."
He lauded the growing tendency of institutions embracing it, labeling it as a "fabulous trend."
Meanwhile, the crypto world has been buzzing with news:- XRP sees a 24% drop in volume to $1.78 billion - Wondering what's causing this shift?- Coinbase is delisting five cryptocurrencies - Curious about which ones are on the chopping block?- A billion XRP unlocked by Ripple with new rules - This move is generating quite a buzz!- Strategy's Saylor reveals an asset that overshadows Bitcoin this year - Can you guess what it is?
Ellis views Bitcoin as part of the global tech race and advocates for the U.S. to stay ahead of China in this digital battlefield.
Expounding on this technological warfare, Ellis hinted at cryptocurrencies' potential to aid in tracking adversaries and disrupting their activities.
Rumors of the CIA's crypto involvement have lingered for quite some time. Back in early 2011, prominent Bitcoin developer Gavin Andresen paid a visit to the CIA. Though there's no concrete evidence, conspiracy theorists suggest that Satoshi Nakamoto, the Bitcoin's mysterious creator, disappeared after this encounter. However, this claim remains far-fetched, rooted in speculation.
Morelli, the former deputy director of the CIA, once pointed out that Bitcoin should be utilized by government agencies as a forensic tool due to its blockchain technology's aptitude for pinpointing illicit activities.
In 2021, former CIA Director Bill Burns confirmed the agency's interest in crypto projects, adding fuel to the notion that the CIA recognizes the potential of blockchain technology.
[1] CIA's interest in Bitcoin - Despite various conspiracy theories, the CIA has shown a genuine interest in Bitcoin, viewing its blockchain technology as a valuable tool for gathering intelligence and tracking illicit activities.
[3] Bitcoin's potential for surveillance - Bitcoin, while pseudonymous, not anonymous, provides investigators with valuable leads to trace illicit activities.
[4] CIA's historical interactions with crypto advocates - The CIA has had contact with crypto advocates like Gavin Andeson, raising speculation and conspiracy theories.
[5] U.S. staying ahead in the global crypto race - To maintain its technological superiority, especially against China, the U.S. is encouraging the adoption of cryptocurrencies and recognizes their potential in intelligence gathering.
[1] "Google News reports that the CIA's interest in Bitcoin continues to grow, with the agency viewing the blockchain technology as a valuable tool for gathering intelligence and tracking illicit activities."
[3] "As Bitcoin transactions are pseudonymous, not anonymous, this makes it possible for investigators to trace certain illicit activities through the technology's blockchain."
[4] "In recent years, the CIA has had contact with crypto advocates like Gavin Andresen, fueling speculation and conspiracy theories about the agency's involvement in Bitcoin and the cryptocurrency world."
[5] "As the global crypto race between the United States and China intensifies, the U.S. is recognizing the potential of blockchain technology and encouraging the adoption of cryptocurrencies to maintain its technological superiority in finance, politics, and general-news sectors."
