#CIA Deputy Director Michael Ellis emphasized that Bitcoin is permanent and stated that the understanding that "Crypto is something that only people can hide" is wrong.
US Central Intelligence Agency (CIA) Deputy Director Michael Ellis made important statements about #bitcoin and cryptocurrencies. Ellis said in an interview with crypto entrepreneur Anthony Pompliano that Bitcoin and cryptocurrencies will be permanent.
In the sections where the anonymity of cryptocurrencies is overcome, Ellis said, "People may think Bitcoin is anonymous, but I have a semi-anonymous problem. It's not completely anonymous. There are a lot of studies that bad actors use with law enforcement to track illegal crypto payments. It's important to remember that... Whether it's cartels, terrorist groups or illegal regimes, bad guys use cryptocurrencies at the same time, they use them for their cars and printers. This is what we will ban. is permanent, cryptocurrencies are permanent. As you know, more and more institutions are adopting them and I think this is a great trend and this administration will also come to the fore in this regard."
âWe need to break the moldâ
The CIA Deputy Director added that the US needs to be a leader in the crypto space and not be left behind. Ellis, who said some are stuck in old thinking patterns, said, âWe donât need to break the mold. The idea that âcrypto is only for people who have something to hideâ is simply not true.â