Michael Ellis – Deputy Director of the Central Intelligence Agency of the United States (#CIA ) – recently surprised many by stating that Bitcoin and cryptocurrency are 'important tools' for the U.S. to counter strategic adversaries like China.
Cryptocurrency: from a threat to a strategic tool
Speaking on Anthony Pompliano's podcast, Mr. Ellis emphasized:
"Bitcoin and cryptocurrencies are not just targets but also useful tools. We can disrupt our adversaries' use of them while simultaneously gathering intelligence from these technologies."
This indicates a significant turning point in the U.S. government's perspective on cryptocurrency, from a skeptical attitude to a more strategic and proactive approach.
Why has Bitcoin become a weapon?
According to Mr. Ellis, cryptocurrency is part of the global technology competition, where the U.S. needs to maintain its position against China and other hostile forces.
The widespread adoption of cryptocurrency by organizations is not just an irreversible trend but also presents strategic opportunities for the U.S. in the digital geopolitical game.
Under President #DonaldTrump , U.S. cryptocurrency policy became more friendly: lawsuits were dropped, a national Bitcoin reserve was established, and a commitment was made to make the U.S. the 'crypto capital of the world.'
But the risks remain
Ellis also warns that cryptocurrency remains a favorite tool of cybercriminals such as #Hacker North Korea, terrorist organizations, or drug cartels.
Nevertheless, he affirms:
"Bitcoin and crypto are not going away. They are here to stay, and more and more legitimate organizations are getting involved. This is a positive trend."
The U.S. government's massive Bitcoin stash
Currently, the U.S. government holds over 198,000 BTC, worth approximately $19.2 billion, most of which was seized from cybercriminals. This is the largest Bitcoin reserve in the world owned by a government.
The United States' public storage of a massive amount of Bitcoin shows an increasingly strategic view of cryptocurrency as an asset and a political-economic weapon.
Connecting with the crypto market and Binance users
For Binance users, the CIA's statement is a clear signal that cryptocurrency is entering the 'power game' of nations.
The U.S. acknowledging Bitcoin as a technological competition tool shows that the role of crypto will increasingly be recognized in the global financial and geopolitical system. This is also why users should closely follow the policies and moves of major governments, especially if they are investing long-term in Bitcoin or other digital assets.
Risk warning: Investing in cryptocurrency can yield high returns but always comes with significant risks. The value of assets can be highly volatile and is not guaranteed. Users should conduct thorough research and consider carefully before making investment decisions.