A Chinese professor's controversial claim that Bitcoin was created by the U.S. Central Intelligence Agency (CIA) has resurfaced, sparking renewed debate within the cryptocurrency community. Professor Jiang Xueqin labeled Bitcoin a possible intelligence-linked project, questioning the physical location of its blockchain data and suggesting the system might not be as decentralized or independent as claimed.
Jiang's core argument posits that Satoshi Nakamoto's anonymity, Bitcoin's dollar-denominated pricing, and its emergence after the 2008 financial crisis were engineered to serve U.S. geopolitical interests. He theorizes that Bitcoin provides Washington with a mechanism to track global capital flows while maintaining plausible deniability. "Why would you spend years, possibly decades, in your basement creating a new technology and then just give it for free to the world? That makes no sense," Jiang was quoted as saying.
The theory is not new but has gained fresh traction online, coinciding with a period where Bitcoin is consolidating near the $75,000 level following a 4% weekly gain above $72,000. This resurgence occurs ironically amidst widespread institutional adoption, including spot ETF approvals. The crypto community and analysts have largely dismissed the claim, citing the extensively documented cypherpunk origins of Bitcoin and the fact that its network operates on a global, decentralized node system rather than centralized servers.
Meanwhile, the market's focus appears split between this speculative debate and immediate technical factors. Bitcoin faces resistance near $76,000, with technical indicators showing a mixed picture; the RSI sits at a neutral 62, but 20 of 32 indicators on daily and weekly timeframes are bearish, suggesting the recent rally may lack broad conviction.
