CNBC and the CIA Team Up to Bash Bitcoin – But is there More to the Story?
CNBC and the CIA Team Up to Bash Bitcoin – But is there More to the Story? by Josh – CryptoHero
CNBC’s latest piece on bitcoin goes beyond the typical MSM hit-job. It’s a story with potentially major geopolitical implications and, just maybe, the first high-profile example of bitcoin subverting US sanctions and hegemony.
The past few weeks have been a roller coaster of emotions for crypto holders – JP Morgan CEO and consummate fraudster Jamie Dimon issued a high-profile drive-by shooting on bitcoin, leveling ad hominem on those who would trade it as “idiots.” Of course, he was not so brash when JP Morgan was still a member and exuberant co-founder of the R3 Consortium, which they left earlier this year. The timing is more than coincidental.
The Communist Party of China also set the crypto world ablaze yet again as they publicly called for the banning of ICOs, and now, closure of cryptocurrency exchanges in the past week. Will the Chinese clamp-down continue indefinitely, allowing periphery States like Hong Kong, Macau, South Korea and Japan to act as vectors for hot Chinese money avoiding capital controls? Or will the exchanges re-open under a more regulated form sometime down the line? My crypto’s on the latter, but the effect on market sentiment has been undeniably poor.
It was among this maelstrom of headlines that a CNBC story came across my screen: “Bitcoin Mining: A New Way for North Korea to Generate Funds for the Regime.” The article and corresponding video are a blatant attack on cryptocurrencies, complete with moral aggrandizement and fallaciously conflating bitcoin ownership with personally lining the coffers of Kim Jong Un himself. And who, pray tell, is the source behind this piece of “journalism”? None other than the CIA’s venture capital arm, In-Q-Tel, and everyone’s favorite tech monopoly, Google:
North Korea appears to be funding itself with bitcoin, according to a recent report. Recorded Future, an intelligence research firm backed by Google Venture and In-Q-Tel (a venture capital firm funded by the CIA), reported that North Korea began “mining” bitcoin on May 17 and could be using the digital currency to generate income for the regime.