During a recent interview with cryptocurrency advocate Anthony Pompliano, Michael Ellis, the deputy director of the Central Intelligence Agency (CIA), said that Bitcoin is "here to stay."
"Look, Bitcoin is here to stay. Cryptocurrency is here to stay," he stressed.
Ellis has noted that "more and more" institutions are adopting it, which he thinks is a "great trend."
The Republican political operative views Bitcoin as part of global technological competition, and he believes that the US should stay ahead of China.
Furthermore, he has mentioned that there is "tremendous potential" to specifically use crypto in order to track what US adversaries are doing and disrupt it.
"We can use these technologies to collect more intelligence to gather more information about them," Ellis said.
There have been longstanding conspiracy theories about the CIA's alleged involvement in crypto.
As reported by U.Today, the agency confirmed that it was working on some crypto projects back in 2021, prompting more conspiracy theories.
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