CIA Deputy Director Michael Ellis Says Bitcoin Is "Here to Stay" Amid U.S.-China Tech Rivalry

Michael Ellis, Deputy Director of the Central Intelligence Agency (CIA), recently appeared on Anthony Pompliano’s “The Pomp Podcast” and delivered a strong endorsement of Bitcoin, stating the cryptocurrency is “here to stay.” Ellis praised the growing institutional adoption of Bitcoin, calling it a “great trend” that signals increasing mainstream acceptance.

During the interview, Ellis emphasized Bitcoin’s role in the broader context of global technological competition. He expressed the view that the United States must lead the way in crypto innovation to maintain an edge over geopolitical rivals like China. According to Ellis, dominance in the digital asset space is a strategic imperative for national security and economic resilience.

He also noted the “tremendous potential” of blockchain and cryptocurrency in intelligence operations. Specifically, Ellis highlighted the value of crypto for monitoring the financial activities of adversarial states and disrupting their networks. These insights point to the increasing relevance of digital currencies in both national defense and intelligence strategy.

Ellis’s comments come amid renewed interest in the CIA’s historical relationship with Bitcoin. The 2011 meeting between CIA officials and Bitcoin developer Gavin Andresen remains a topic of speculation, particularly since it coincided with the mysterious disappearance of Bitcoin’s creator, Satoshi Nakamoto. While no official link has been established, the event continues to fuel conspiracy theories about government involvement in Bitcoin’s early days.

As digital currencies move further into the global spotlight, Ellis’s remarks reflect a growing consensus among U.S. policymakers and intelligence officials that crypto is not just a financial trend but a crucial asset in the race for technological leadership.