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Former CIA Director Destroys Yellen s Illicit Crypto-Use Fearmongering Narrative

Bitcoin just received a strong vote of confidence from an unlikely source, a former acting director of the Central Intelligence Agency. In so doing, he put senior government officials who issue public warnings about bitcoin’s alleged use by criminals, such as Treasury Secretary Janet Yellen, on notice.  Michael Morell, a 33-year veteran of the agency, published an independent paper commissioned by the newly formed lobbying group Crypto Council for Innovation (whose founding members include Coinbase, Fidelity Digital Assets, and Square) directly refuting this well-traveled narrative. In an expansive study, Morell came to two key conclusions: The broad generalizations about the use of bitcoin in illicit finance are significantly overstated.

This Is a Watershed Moment for Crypto – Investors Weigh in on Coinbase Public Debut – NBC New York

Jill Carlson, venture partner at Slow Ventures, said it all comes back to growth. The name of the game is absolutely growth, growth, growth here, and I think on top of that you also have to look at just the dynamics around the stock. It has sort of meme stock potential on the retail side, and then for a lot of institutions, this is going to be their first ability to have a real foray into the crypto space, for a lot of institutions that have been blocked out of buying bitcoin, but I do think it comes back to growth. I think that the metrics that I looked at when they announced their quarter one earnings a few weeks back came down to their MTUs, monthly transacting users, and then also just their transaction volumes and talk about a blockbuster quarter.

This Is a Watershed Moment for Crypto – Investors Weigh in on Coinbase Public Debut – NBC Connecticut

Jill Carlson, venture partner at Slow Ventures, said it all comes back to growth. The name of the game is absolutely growth, growth, growth here, and I think on top of that you also have to look at just the dynamics around the stock. It has sort of meme stock potential on the retail side, and then for a lot of institutions, this is going to be their first ability to have a real foray into the crypto space, for a lot of institutions that have been blocked out of buying bitcoin, but I do think it comes back to growth. I think that the metrics that I looked at when they announced their quarter one earnings a few weeks back came down to their MTUs, monthly transacting users, and then also just their transaction volumes and talk about a blockbuster quarter.

CCI Publishes Analysis Of Bitcoin s Use In Illicit Finance, By Former CIA Acting Director Michael Morell - US Politics Today

CCI Publishes “Analysis Of Bitcoin s Use In Illicit Finance,” By Former CIA Acting Director Michael Morell Findings Debunk “Conventional Wisdom” About Bitcoin’s Use for Illicit Purposes, Conclude Blockchain Technology is an Underutilized Crime-Fighting Tool WASHINGTON D.C., UNITED STATES, April 13, 2021 /EINPresswire.com/ The Crypto Council for Innovation (CCI), an alliance of crypto industry leaders, today published a study entitled, “An Analysis of Bitcoin’s Use in Illicit Finance,” authored by Michael Morell, former Acting Director, Deputy Director and Director of Intelligence at the Central Intelligence Agency (CIA). The paper, available on the CCI website, examines the general assertion that the Bitcoin market is rife with illicit activity and concludes that:

Bitcoin: futuro de esta moneda y otros criptoactivos en el mercado

Bitcoin: futuro de esta moneda y otros criptoactivos en el mercado
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