US and UK Governments Created Bitcoin To Deal With Future Monetary Crisis: Former Goldman Sachs Executive – The Daily Hodl

Former Goldman Sachs executive Raoul Pal has a theory about the entities that could have created Bitcoin (BTC).

In a new interview with YouTuber Tom Bilyeu, the Real Vision CEO says he thinks Satoshi, the anonymous inventor of Bitcoin, might be the US and the UK governments.

Pal says he believes BTC’s pseudonymous founder was actually just groups of government employees in the US National Security Agency (NSA) and the UK’s Government Communications Headquarters (GCHQ) who were tasked with experimenting with possible solutions to game out future threats to the West’s international monetary dominance.

The former Goldman Sachs executive says he actually spoke with a Department of Defense (DoD) official in 2013 or 2014 about such threats.

“They periodically reach out to people like me, thinkers about stuff, who are looking at crises and things like that, because their job is to assess risk. And I was talking to them about it… and he said, ‘We’re worried about debt, we’re worried about the system blowing up.’

I said ‘Yes, obviously. Everybody is.’ Because that’s one of the things they need to game out, what happens if the West loses control of money and debt and everything else.

And I said, ‘Well, I think the answer’s there, and I think it’s Bitcoin.’ And he said, ‘Yeah, tell me more.’ And I said ‘And I think the US government and the UK government invented it.’ Which is the NSA and the GCHQ in the UK, who are the two world centers of cryptography…

And I asked the Department of Defense, they said, ‘Yeah, we’ve considered that too.’”

According to Pal, Bitcoin’s release at the height of the 2008 financial crisis as well as its halving cycles give credence to the theory.

“I don’t think it’s a coincidence it came out in the (2008) financial crisis. I don’t think it’s a coincidence that the halving cycle and all of this [are] related. It is the solution, always has been the solution. You just can’t go there tomorrow.” 

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• Source: https://dailyhodl.com/2023/06/20/us-and-uk-governments-created-bitcoin-to-deal-with-future-monetary-crisis-former-goldman-sachs-executive/